From retaliatory tariffs on US goods like car parts and soy beans to controls on raw minerals essential for American manufacturing -- analysts say China has plenty of options if it wants to reply to fresh US levies.

US President Donald Trump over the weekend announced 10 percent tariffs on Chinese products, upping the stakes in a trade confrontation between the global superpowers that started eight years ago in his first term.

Beijing in response warned there were "no winners" in a trade war and vowed as yet unspecified countermeasures.

News that Canada and Mexico had agreed a deal with Trump to delay 25 percent tariffs on their goods was followed by his announcement that he would be holding talks with China "probably in the next 24 hours" to try for an agreement.

But, as the threat of new measures continues to hang over Beijing, eyes are on what officials there have lined up as a response.

With its economy still struggling with sluggish consumption and slow growth, observers expect China to keep its powder dry for now -- at least until another round of tariffs that could do greater damage.

"We expect China not to jump to immediate retaliation........

© International Business Times