Despite recent negotiations on trying to reach a trade deal.... the trade war between China and the U.S. might be on again... with U.S. President Donald Trump's latest threat to increase tariffs on Chinese goods.<br />And South Korea is getting ready for a possible impact its financial markets.<br />Our Ko Roon-hee starts us off. <br />A fresh battle in the trade war between Washington and Beijing now appears inevitable... despite weeks of signals the two sides were edging closer to reaching a deal.<br />U.S. Trade Representative Robert Lighthizer told reporters on Monday that there was an "erosion of commitments" by China...and said Washington plans to raise tariffs on Chinese goods on Friday.<br />However, he emphasized the trade talks will continue because significant issues, including tariffs, remain unsolved.<br />Lighthizer added a Chinese delegation will still visit Washington on Thursday and Friday.<br />The announcement confirms that President Trump's previous tariff threat wasn't a bluff or a negotiating tactic.<br />On Sunday, Trump tweeted that tariffs on 200-billion U.S. dollars' worth of Chinese goods will be hiked to 25-percent from current 10-percent starting May 10th,... mentioning the trade deal was moving too slowly.<br />To discuss the impact of the rapidly re-escalating trade tensions, South Korea's central bank chief held a meeting on Tuesday to examine the potential impact on local and international financial markets.<br />Bank of Korea Governor Lee Ju-yeol said uncertainties in the U.S.-China trade dispute have emerged again...but the situation doesn't look overly concerning right now... because the two sides are still negotiating.<br />For instance in South Korea, he said the conditions for foreign currency borrowing remain solid.<br />However, Lee emphasized that officials should closely monitor the situation...after stocks in emerging Asian countries plunged on Monday.<br />The three main indices on Wall Street also closed lower after the first session of the week.<br />Ko Roon-hee, Arirang News. <br />
