Countries and industries are scrambling to respond as President Donald Trump’s latest tariffs hikes upend global trade and world markets.

Here’s what to know about the products the U.S. exports to China and how they might be affected by the latest escalation.

China retaliated against Donald Trump’s latest tariffs with commensurate levies on all American goods and export controls on rare earths, dealing a fresh blow to global markets and prompting the US president to quickly deride Beijing’s reaction as the “wrong” move.

Turmoil on financial markets deepened on Friday, as China hit back at tariffs announced by Donald Trump, raising the likelihood of an extended trade war and damage to the global economy. The S&P 500 index,

China on Thursday urged the United States to immediately cancel its latest tariffs and vowed countermeasures to safeguard its own interests, after President Donald Trump declared sweeping levies on U.

The move came two days after President Donald Trump imposed the same tariff on all Chinese imports, bringing the total U.S. tariff on Chinese goods to at least 54%.

The selloff is enough to knock the stock back into the red, for what has been a volatile week, which has been marked by surprisingly weak sales data, a report that Chief Executive Elon Musk’s role in the Trump administration was ending soon and a budding trade war.

Tensions between Beijing and Washington could worsen this week, when a new set of Trump’s tariffs is set to take effect in a potentially broad limit on trade.

Just days after Trump unveiled sweeping new “reciprocal” tariffs on imports from around the world, China levied a retaliatory 34% tariff on all US products starting April 10.

Big investors reeling from the shock of U.S. President Donald Trump's hefty new tariffs are pulling out their global recession playbooks and rushing to diversify away from battered Wall Street stocks and the dollar.

US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish. These new import taxes, which Trump imposed via executive order,

Over the past two days, more than $5 trillion of wealth has been erased from the U.S. stock market as investors react to the tariffs announced by President Trump. China’s retaliatory move today sent markets sliding.

Stocks dropped sharply for a second day after China set retaliatory tariffs countering President Trump's own steep import duties.

China slapped a 34% tariff on U.S. goods starting April 10 in retaliation to Trump's tariff plans. Global markets tumble as the trade war begins. Follow along for live updates on how the Dow, S&P 500 and Nasdaq are reacting.

U.S. stocks nose-dived after Trump’s tariffs rollout. Wall Street tumbled to its worst day since the pandemic yesterday in response to President Trump’s major round of tariffs