Stock markets in the US , Europe and Asia have been badly affected after President Donald Trump threatened to slam new tariffs on china, putting a trade deal in doubt.
Trump said on Twitter the US would more than double tariffs on 200 billion dollars of Chinese goods and introduce fresh tariffs.
This is coming even as a Chinese delegation is preparing to travel to Washington for negotiations aimed at ending trade war.
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It is not clear whether Beijing ‘s top negotiator vice-Premier Liu He will be part of negotiations that are due to resume on Wednesday.
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