He said goods from China would be subjected to an additional 10 per cent tariff, on top of the 10 per cent he has already imposed.
Markets around the world sold off with Japan's Nikkei turning 2.8 per cent lower and Hong Kong's Hang Seng sliding 3.3 per cent.
The US President said mooted 25 per cent duties on Mexico and Canada would now come into effect next Tuesday – not on April 2 as he had suggested a day earlier.
And in London the FTSE 100 went from strength to strength, climbing 0.6 per cent, or 53.53 points, to 8809.74, a record closing high.
The FTSE 100 yesterday shrugged off global market jitters over Donald Trump's tariff plans as it climbed to a record closing high.
