The cherry industry in Washington state has also been snagged in the crossfire of the ongoing trade disputes. Cherry growers are worried that their exports to China will be hurt by the increasing tensions. LILY LYU tells us more.

China is the top export market for Washington cherries. The country buys about 2.9 million cases of the fruit each year. That's worth 127 million US dollars.

KEITH HU, INT'L OPERATIONS DIRECTOR NORTHWEST CHERRY GROWERS "We start to develop that market 11 years ago. It went from zero to $140 million. The industry had a record crop last year. We produced over 260,000 tons of cherries and 33,000 tons of cherries went to China. That's roughly 13 percent of total production and the estimated value was just over a billion dollars. As I mentioned China represents about $140 million, so 14 percent of that."

Data from the Northwest Horticultural Council in Yakima, Washington, shows that China also bought about $50 million worth of apples and $1.5 million worth of pears from the state last year. Those fruits are also included in the trade disputes. Growers are concerned that if the trade tensions continue to escalate, Chinese consumers may look elsewhere for the produce.

KEITH HU, INT'L OPERATIONS DIRECTOR NORTHWEST CHERRY GROWERS "We're already facing a 10 percent import duty, a 13 percent value added tax and now with an additional 15 percent, so we're looking at a minimum 35 percent tax on U.S. cherries. That is definitely a concern. Depending on the season, the Chinese consumer pays between $7 to $10 for U.S. cherries so if you add 15 percent on top of that, so if you're paying that much for cherries, you have other options." 

Chinese government also unveiled its list of American imports it plans to impose tariffs on Monday. Economic forecasters say the impact of the move should be limited, but investors worry the global economic recovery might be stalled if other governments respond by raising import barriers.