China's tariffs - due to begin next Monday - would also apply to US oil and farm machinery, but more talks are due this week.

President Donald Trump has finally made good on a campaign promise to raise tariffs on Chinese imports – announcing on Saturday duties of 10% on all Chinese goods coming in the country as part of sweeping trade measures that also targeted Mexico and Canada.

The European Bank for Reconstruction and Development plans to invest at least 1.5 billion euros ($1.56 billion) this year to support Ukraine's economy and businesses during wartime, the EBRD's chief told Reuters on Thursday.