China is retaliating in a determined and at times highly detailed manner to U.S. President Donald Trump’s new tariffs, with a 34% tax on all U.S. imports next week.

Markets in Asia slumped as tariffs on products from 86 countries kicked in. China said it would protect its economy, but also that it was open to dialogue.

The president is foreshadowing deals with multiple trading partners in an apparent effort to quell economic anxiety and prove his tariff plan is working.

President Donald Trump on Tuesday said the U.S. will soon announce a "major" tariff on pharmaceutical imports.

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

US stocks skyrocketed higher Wednesday after President Donald Trump announced that he authorized a 90-day pause on the “reciprocal” tariffs that went into effect at midnight, with the exception of China.

Though a big rise in US tariffs on China was expected, the hit to south-east Asian manufacturing was a surprise. Writing in the Financial Times, Peter Navarro, Trump’s trade adviser, made clear the White House wants to make countries such as Cambodia and Vietnam choose between the US and China,

US President Donald Trump has announced sweeping tariffs on goods imported from the rest of the world. Trump claims that a 10% tariff on all nations and much higher rates of up to 104% on individual countries will boost the US economy and protect jobs.

The stock market was soaring and the sun was shining when President Donald Trump stepped out of the Oval Office on Wednesday afternoon. Less than two hours earlier, he had retreated from his plans to increase tariffs on many U.