Trump threatens to raise tariffs on Chinese goods to 25 per cent

Days after reiterating that trade talks with Beijing were going well, US President Donald Trump on Sunday renewed threats to increase tariffs on 200 billion US dollars worth of Chinese goods.

Washington:US President Donald Trump took to Twitter on Sunday to threaten China to increase tariffs on 200 billion US dollars of Chinese products.

The announcement has come ahead of a critical week of negotiations between the two countries to end the trade war which is affecting world economy.

Earlier to this Trump has pushed back deadlines - in January and March - to raise the tariffs in a bid to buy more time for a deal.

Suggesting that he was not happy with the slow negotiation pace, Trump warned that he would raise tariffs on Friday on 200 billion US dollars of Chinese products to 25 per cent from the current 10 per cent.

Trump also added that another 325 billion dollar of Chinese goods which were currently untaxed will be taxed by 25 per cent.

US had imposed tariffs on Chinese goods after accusing it of unfair trade practices to which China had hit back with duties on 110 billion dollar of US goods.