The trade wars launched by U.S. President Donald Trump are escalating to new heights. Just days after Trump unveiled sweeping new “reciprocal” tariffs on imports from around the world, China levied a retaliatory 34% tariff on all U.

Markets are facing their worst crisis since the COVID crash after China matched President Donald Trump’s big raise in tariffs following the president's "liberation day" announcement.

President Donald Trump had a TikTok deal in place Wednesday for the app's operations to be spun off into a new company based in the U.S. and owned and operated by a majority of American investors, with ByteDance maintaining a minority position,

The drop follows European markets slumping further after China hit back at US import taxes with an additional 34% tariff.

As countries around the world reel from the U.S. tariffs, Beijing has been quick to try to capitalize on the upheaval and extend its influence — economic and otherwise.

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%.

U.S. President Donald Trump on Friday said China "played it wrong" after Beijing retaliated against new U.S. tariffs, unveiling countermeasures that included additional duties of 34% on U.S. goods.

China announced that it will impose reciprocal tariffs on all United States imports. Who pays these taxes? Will it affect you?

President Donald Trump's sweeping new tariffs could raise the price of Bibles. China, one of the countries hit with higher tariffs by the Trump administration this week, is the world's biggest Bible printer,