Tariff fallout has analysts worried

The escalating trade dispute between the world's two largest economies has fueled worries of further financial volatility and more harm to the global economy after a Sino-US "tit-for-tat" week of tariff threats.

Analysts worried the latest US move - when US President Donald Trump raised the idea of additional possible tariffs on $100 billion worth of China imports - could increase the possibility of wider economic fallout from a potential trade war.

Earlier this week, the US proposed new tariffs on $50 billion of Chinese products, after which China decided to impose tariffs on US imports. Around 34.6 percent of Chinese exports to the US might be affected, if both US proposals become reality. Total exports from China to the US were $433 billion in 2017.