The US plans to increase tariffs on Chinese goods if the two sides fail to make progress on a trade deal by 1 March.

The comments followed a report by a UN trade agency on the impact of the US-China trade war.

It said Asian countries are likely to suffer most from protectionism.

The US and China are locked in a damaging trade dispute that has seen both sides levy tariffs on billions of dollars worth of one another's goods.

In December, both countries agreed to hold off on new tariffs for 90 days to allow for talks.

The US and China have a deadline of 1 March to strike a deal, or the US has said it will increase tariff rates on $200bn (£152bn) worth of Chinese goods from 10% to 25%.

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