Dan Mitchinson: US correspondent on Donald Trump unleashing new tariffs on China - Heather du Plessis-Allan Drive

The chances of a full blown trade war between the US and China is looking more and more likely.

China will be hit with an additional 50 percent tariff from tomorrow, taking their total to 104 percent. 

US correspondent Dan Mitchinson says the Nasdaq has taken another hit - and Chinese trade officials have made it clear they plan to 'fight this out'.

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