China's Ministry of Commerce announced Tuesday it was implementing counter tariffs against the U.S. on multiple products. The government said that it would implement 15% tariff on coal and liquified natural gas products,

Last-minute phone calls pull the North American neighbours back from the brink of a trade war, but the US is still targeting Chinese imports.

U.S. tariffs of 10% on Chinese imports came into effect on Tuesday, risking a renewed trade war between the world's top two economies as President Donald Trumppunishes China for not halting the flow of illicit drugs.