Trump's new tariff threat are of fresh tariffs which come in addition to the previous 10 per cent one levied on February 4.

The U.S. next week will impose an additional 10% tariff on imports from China over its role in the fentanyl trade, the president said.

President Donald Trump said Thursday that tariffs on goods from Canada and Mexico will increase sharply on Tuesday and, in an unexpected move, also announced an additional 10 percent tax on Chinese goods that will take effect then.

Beijing accused the United States on Friday of exerting "tariff pressure and blackmail" after President Donald Trump's latest threat to slap an extra duty of 10% on imports from China, citing a continued flow of fentanyl into the country.

Good morning. Markets are spooked by the latest round of tariff threats. The rich are spending like crazy but there may be a price. And we preview Hollywood’s biggest night. Listen to the day’s top stories.

China's Ministry of Foreign Affairs has criticized the U.S. for using the fentanyl issue as a pretext to threaten China. Ministry spokesperson Lin Jian also noted that there are no winners in trade and tariff wars.

China’s officials condemned President Trump for his decision to add a 10 percent tariff on Chinese imports over the country’s alleged complicity in the international smuggling of fentanyl, a deadly synthetic drug.