The rapid-fire shots of tariffs and import curbs hearken back to Trump’s first term in office, when the U.S. and China engaged in a trade war that spanned most of Trump’s first four years in office and was continued to a certain extent under his successor, Joe Biden.

China's latest tariffs on US goods include a 15% border tax on imports of US coal and liquefied natural gas products. There is also a 10% tariff on American crude oil, agricultural machinery and large-engine cars.

China’s tit-for-tat duties on U.S. imports took effect Monday, just hours after U.S. President Donald Trump announced that he wants to slap new duties on all steel and aluminum imports to the U.S. The rapid-fire shots of tariffs and import curbs hearken back to Trump’s first term in office,

President Trump has vowed to impose a 25pc levy on all steel and aluminium imports to the US after Chinese tariffs on about $14bn of US imports came into force.

The trade dispute between the US and China has gone into another round after President Donald Trump recently imposed a 10% tariff on all Chinese imports to the US. It piles on top of already existing levies.

President Donald Trump has paused imposing tariffs on small-value packages arriving from China, apparently to give federal agencies time to sort out how to process millions of such shipments that have come through the U.