The move escalates ongoing tit-for-tat retaliation with Beijing that followed the president's sweeping import tax rollout last week.

We explore the stock market panic over tariffs.

But he also threatened to raise cumulative tariffs on China to over 100% — a move that could lead to massive price increases for US shoppers for iPhones, computers and toys. He also implied that the America’s erstwhile friends in the European Union were such implacable foes that there can never be a fair deal.

Follow here for live updates and news on fallout in the financial markets from President Donald Trump's announcement last week on tariffs for all countries.

The tariffs sent global markets plunging and is expected to have a drastic impact on U.S. consumers and industries. Despite President Donald Trump’s claim that tariffs will boost domestic production,

Fox News’ Maria Bartiromo on Monday acknowledged that President Donald Trump’s proposed tariffs will likely have a direct, negative impact on American consumers ― as she still tried to allay broader economic concerns.

Donald Trump announced tariffs on imports from a dizzying number of countries last week, the U.S. president gave a special mention to Australian beef.

Ken Griffin: The Citadel founder—and major Republican donor—said at an event Monday that Trump’s tariffs are a “huge policy mistake,” with Bloomberg reporting he urged audience members to lobby Trump to step back on the tariffs and said he’s “really afraid of [the U.S.] abdicating our role of leadership for the free world.”

A pair of Donald Trump's top advisers are at odds. Elon Musk called Peter Navarro a "moron" and "dumber than a sack of bricks."

Billionaire presidential adviser Elon Musk attacked White House trade counselor Peter Navarro as “dumber than a sack of bricks” as a fight over President Donald Trump’s reciprocal tariff regime spilled onto social media on Tuesday.