China is reaching out to other nations as the U.S. layers on tariffs, in what appears to be an attempt by Beijing to form a united front to compel Washington to retreat

China and the European Union earlier had unveiled stiff retaliation levies on the U.S. aimed at countering Trump's tariff blitz.

Treasury Secretary Scott Bessent on April 9 expanded on President Donald Trump’s announcement that the U.S. would pause and lower tariff rates for most countries while raising those on China 125 percent.

China's commerce ministry slapped restrictions on more than a dozen U.S. defence firms on Wednesday after President Donald Trump made good on his threat to impose an additional 50% tariff on Chinese imports.

Besides a 10% rate globally, some countries billed as "worst offenders" have higher rates including 104% for China.

Trump's turnabout, which came less than 24 hours after steep new tariffs kicked in on most trading partners, followed the most intense episode of financial market volatility since the early days of the COVID-19 pandemic.

China's finance ministry has announced an 84% tariff on goods imported from the US, retaliating against recent levies imposed by the White House. The hike in tariffs, from 34%, came after US President Donald Trump's 104% tariff on Chinese goods came into force on Wednesday - they were later increased to 125%.

Trump's reciprocal tariffs took effect on Wednesday, April 9. Between the impending trade war and nationwide protests, what is his approval rating?

US stocks were battered by a steep sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war.

Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.