>China and the US risk renewing a full-blown trade war unless the two largest economies can defuse the dispute before Chinese tariffs on $14bn of American exports take effect on Monday, analysts warned.
>President Donald Trump last week unveiled an extra 10 per cent tariff on Chinese goods to force Beijing to do more to tackle fentanyl-related exports to the US and Mexico and threatened more if China retaliated.
>When the US duties took effect three days later, Beijing immediately hit back, announcing additional 10 to 15 per cent duties on US energy exports and farm equipment. China’s duties are due to take effect on Monday.
>“This could be just the beginning of this phase of the trade war,” said Zhang Yanshen, an expert at the China Center for International Economic Exchanges. “This could become a very, very bad situation.”
>Some analysts had expected the US and China to hold talks to avert major trade hostilities. Trump initially said he expected to talk to President Xi Jinping, but after China retaliated, he said he was in “no rush” and the tariffs were an “opening salvo” with “very substantial” measures to come.
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Archived version: [https://archive.fo/oBgZS](https://archive.fo/oBgZS).
>China and the US risk renewing a full-blown trade war unless the two largest economies can defuse the dispute before Chinese tariffs on $14bn of American exports take effect on Monday, analysts warned.
>President Donald Trump last week unveiled an extra 10 per cent tariff on Chinese goods to force Beijing to do more to tackle fentanyl-related exports to the US and Mexico and threatened more if China retaliated.
>When the US duties took effect three days later, Beijing immediately hit back, announcing additional 10 to 15 per cent duties on US energy exports and farm equipment. China’s duties are due to take effect on Monday.
>“This could be just the beginning of this phase of the trade war,” said Zhang Yanshen, an expert at the China Center for International Economic Exchanges. “This could become a very, very bad situation.”
>Some analysts had expected the US and China to hold talks to avert major trade hostilities. Trump initially said he expected to talk to President Xi Jinping, but after China retaliated, he said he was in “no rush” and the tariffs were an “opening salvo” with “very substantial” measures to come.
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