Donald Trump asked the US Treasury Department to impose import tariffs on Chinese goods at 10% and worth $200b.
New tariffs will come into force if China does not refuse to change bad practices and end its plans to levy US $5 billion in US dollars.
At present, there are no details of what goods will be affected, but Trump is most likely aimed at those produced by theft of intellectual property.
The current market reaction is a strong JPY growth and a decline in stock indices.
Trader Petar Milanov