Analysts have warned the tit-for-tat trade fees risk 'distorting global freight flows' for goods including petrol, toys.

US tariffs also came into effect on imported timber, kitchen cabinets and upholstered furniture.

Analysts have warned the tit-for-tat trade fees risk 'distorting global freight flows' for goods including petrol, toys.

It's the latest tit-for-tat tariff spat between the two superpowers following a period of calmed tensions.