President Donald Trump's so-called reciprocal tariffs came into effect on Thursday, after months of on-and-off again threats from the White House as it bids to upend global trade. "It's midnight! Billions of dollars in tariffs are now flowing into the United States of America!

President Donald Trump said the United States will impose a tariff of about 100% on imports of semiconductors but offered up a big exemption - it will not apply to companies that are manufacturing in the U.

The U.S. began officially levying higher taxes on imports from dozens of countries Thursday, four months after President Donald Trump first announced plans to impose tariffs on most of the world while seeking new trade agreements across the board.

With their 90-day truce set to expire on Tuesday, the new data is likely to stiffen China’s resolve to stand tough in negotiations with the Trump administration.

Pause in trade hostilities and reduced levies to expire next week as Trump imposes latest sweeping global measures

China's exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing and Washington to ship goods, especially to Southeast Asia, before tougher U.S. duties targeting transshipment take effect.