The next round of trade talks are due to begin in Washington on Thursday after President Donald Trump threatened new tariffs on Chinese goods. President Trump tweeted on Monday that tariffs of 10 per cent would rise to 25 per cent, later adding that $US325 billion ‘of additional goods sent to us by China remain untaxed, but will be shortly’. The Whitehouse has brushed criticism that the tariff threats are causing an escalation of the trade war, claiming the US negotiation team is making progress.

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