Additional US tariffs on Chinese goods are set to take effect after midnight. He threatened to up existing tariffs from 10% to 25% in a tweet on SundayChina's Commerce Ministry said it considered countermeasures to the increased tariffs . "Even if tariffs increase tomorrow, there is still time for a resolution and minimal impact on the global economy. A trade war could knock global supply chains, the Chinese economy and also the global economy. Right now, eleventh-hour talks are set to go ahead, so the negotiations are not entirely dead in the water.

Source: CNN May 09, 2019 12:36 UTC