Barely a day goes by without the ripple effects of America’s threat to raise tariffs on steel and aluminium imports continuing.

China has warned that all trade talks between Beijing and Washington will be void if the US sets up trade sanctions.

After talks between Vice Premier Liu He and US Commerce Secretary Wilbur Ross, China said it was ready to boost imports from many countries.

Meanwhile, G7 nations have hit out at the US over the tariffs.

Washington may change may yet change course, and there is hope it will do, as historial precidents show trade wars can lead to disastrous outcomes.