A container ship sails from the port in Qingdao, in China's eastern Shandong province on Saturday. China accused the United States of 'double standards' on Sunday, after President Donald Trump threatened an additional 100% tariff on the world's second-largest economy.

China called U.S. President Donald Trump’s latest tariffs on Chinese goods hypocritical on Sunday and defended its curbs on exports of rare earth elements and equipment, but stopped short of imposing new levies on U.S. products.

Trump on Friday responded to Beijing’s most recent export controls by imposing additional tariffs of 100 per cent on China’s U.S.-bound exports, along with new export controls on critical software by November 1.

The revived trade tensions have rattled Wall Street, sending Big Tech shares tumb

See Full Page