The Cotton Association of India said last week that output this season will rise 8.3 per cent from a year earlier
Analysis of how the tariffs impact vary and much depends on the final details of the duties that are pushed through
Trump said he has taken steps to provide a level-playing field to American businesses
Trump has riled key allies with his protectionist policies, including the imposition of steel and aluminium tariffs on the European Union, Canada and Mexico
China could also impose new regulations on US products and companies to either limit their presence in the world's second-largest economy or even ban them altogether
Asian markets nosedived after US President Donald Trump threatened to impose additional tariffs on Chinese goods
Xi could impose penalties such as customs delays, tax audits and increased regulatory scrutiny if Trump delivers on his threat of bigger duties on Chinese trade
Wall Street stocks tumbled in opening trading today as fresh tariff threats by the United States and China against each other exacerbated trade war fears. About 10 minutes into trading, the Dow Jones Industrial Average was down 1.2 per cent to 24,699.90. The broad-based S&P 500 dropped 0.7 per cent to 2,753.79, and the tech-rich Nasdaq Composite Index also shed 0.7 per cent to 7,690.81. US President Donald Trump said late yesterday he had directed US Trade Representative Robert Lighthizer to target USD 200 billion worth of Chinese imports for a 10 per cent levy, citing China's "unacceptable" move to raise its own tariffs. That prompted a sharp response from Beijing, with China's Commerce Ministry accusing the United States of "extreme pressure and blackmail." "If the US acts irrationally and issues a list, China will have no choice but to take comprehensive measures of a corresponding number and quality and take strong, powerful countermeasures," the ministry said. Trade war fear
US President Donald Trump threatened to impose a 10 per cent tariff on $200 billion of Chinese goods and Beijing warned it would fight back with "qualitative" and "quantitative" measures
Markets soured on the news, with Asian stocks and US equity futures trading lower while safe havens including the yen, gold and Treasuries climbed.
Trump's latest salvo in a brewing trade war would mean a sizable amount of Chinese goods shipped to the US would be exposed to tariff threats
Is this going to crash the US economy?
Here's a look at how the dispute is playing out in corporate America
Here are four scenarios that could come to pass in the coming weeks and months
Trump is shaking up the world economic order with his zeal for tariffs and embrace of trade conflict
Move comes after White House imposed tariffs on $50 billion of Chinese goods
"A slowing China will add to the challenges for the global economy," said Louis Kuijs, chief Asia economist at Oxford Economics in Hong Kong
Under the 1974 trade law that Trump invoked to pursue a tariff investigation into China's intellectual property practices, he could delay the activation by 30 days
US announced another trade action on Chinese goods amid complaints the country is stealing US technology
Trump's main concern is cutting his nation's massive trade deficit with China. The more than $2 billion expansion of the deficit in May from April won't improve that situation.