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.

The Indian rupee is poised to recover on Tuesday, boosted by the dollar's decline after U.S. President Donald Trump delayed tariffs on Canada and Mexico by a month. The 1-month non-deliverable forward indicated that the rupee will open at 86.

Last-minute phone calls pull the North American neighbours back from the brink of a trade war, but the US is still targeting Chinese imports.