China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.

China’s ecommerce suppliers are rethinking how they do business after US President Donald Trump said he would soon close a tax exemption that has proved a crucial lifeline to thousands of small-scale export businesses.

China is preparing countermeasures against new U.S. tariffs, focusing on American agricultural exports, according to the state-backed Global Times. This move comes after U.S. President Donald Trump announced an

U.S. President Donald Trump last week threatened China with the extra 10% duty, resulting in a cumulative 20% tariff, while accusing Beijing of not having done enough to halt the flow of fentanyl into America, which China's commerce ministry said was tantamount to "blackmail."

China has American agricultural exports in its cross hairs as it prepares countermeasures against fresh U.S. import tariffs, China's state-backed Global Times reported, raising the stakes in an escalating trade war between the world's top two economies.

Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump's looming tariffs against Chinese goods.