Nouriel Roubini, chief executive officer of Roubini Macro Associates, expects President Donald Trump's trade war to escalate with China and the market will keep going lower and lower. He says Trump, China's Xi Jinping and Federal Reserve Chair Jerome Powell are all playing a dangerous game of chicken. Roubini is on "Bloomberg Surveillance."

As political tensions rise between the U.S. and Canada, partly fueled by President Donald Trump's tariff policies, some people are caught in the middle. Denise Amato, who currently lives in Tonawanda,

President Donald Trump on Tuesday called on the Senate to keep the United States' tariffs on Canada in place -- hours before Democrats in the upper chamber could potentially force a vote aimed at blocking the president from imposing tariffs on the ally country.

Despite rattled financial markets, threats of retaliation and some of President Donald Trump’s biggest supporters encouraging him to back off his signature economic policy, he didn’t give in. His administration piled on heaps of new “reciprocal” tariffs Wednesday on dozens of American allies and adversaries alike,

While the president has threatened to ratchet up duties against both in recent weeks, he has yet to take direct aim at them.

President Donald Trump announced new tariffs, imposing a 10% baseline tax on most imports, with increased rates for nations with trade surpluses. Notable exceptions include Canada and Mexico due to existing agreements.

Trump has launched an all-out trade war. Here’s the latest on what’s happening with tariffs — and what it all means for your wallet.