The tariff fight between the world's two largest economies spiraled into greater peril Wednesday as President Donald Trump tried to narrow his global trade war into a direct — and risky — faceoff with Beijing.

First country retaliates against President Donald Trump's tariff plan. Find out what U.S. goods are hit by Chinese tariffs.

President Donald Trump has raised tariffs on China to 125%, hours after China boosted tariffs on American goods to 84% and vowed to “fight to the end.”

In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.

President Donald Trump's tariffs on dozens of countries took effect on Wednesday, including huge 104% duties on Chinese goods. Trump nearly doubled duties on Chinese imports, which had been set at 54% last week,

Trump is reducing tariffs on imports to 10 percent for all countries except for China, which now has an even higher tariff.

The Office of the Customs Tariff Commission of China’s State Council said the new tariffs would take effect after midday in Beijing on Thursday and were in response to an additional 50 percentage point punitive charge Washington levied on China on Wednesday.

U.S. President Donald Trump on Wednesday abruptly paused part of his tariff assault on global trading partners, dialing back duty rates on goods from many countries for 90 days to allow room to negotiate lower trade barriers,

Trump has said he is authorising a universal "lowered reciprocal tariff of 10%" for most countries, except China, while tariff negotiations continue.

President Donald Trump defended the tariffs he imposed on trading partners but acknowledged some problems in a meeting with his Cabinet on Thursday. "We think we're in very good shape. We think we're doing very well. Again there will be a transition cost, transition problems, but in the end it's going to be a beautiful thing," Trump said.

Amid a reeling stock and bond market, President Donald Trump on Wednesday announced a 90-day pause on reciprocal tariffs for all nations except China, saying nations were strongly interested in negoti

US President Donald Trump's political allies reacted with relief after Wednesday's U-turn on tariffs, insisting it was part of a wider plan. Trump backed off imposing worldwide higher-rate tariffs, or taxes on imports.

US President Donald Trump's political allies reacted with relief after Wednesday's U-turn on tariffs, insisting it was part of a wider plan. Trump backed down from imposing worldwide higher-rate tariffs,

President Trump says his administration is going to work out trade deals with the countries which have approached him after he announced a sweeping tariffs package last week. This comes as his budget deal,

Donald Trump rattled global investors again on Tuesday as he pressed ahead with his plan for aggressive tariffs on America’s largest trading partners even as he touted potential deals with some US allies.

President Trump issued a 90-day pause on tariffs for most countries but raised tariffs on Chinese imports to 125%. FOX 9’s Bill Keller has more on the story.

The Nasdaq inched higher on Wednesday, as investors bought beaten-down technology stocks in a choppy session that remained centered on tariff moves as China retaliated with more levies on U.S. goods.

President Donald Trump announced a 90-day pause on all tariffs except for those against China, which he said would now rise to 125%.

President Trump's tariff pause was due to the outpouring of calls from foreign nations looking to make deals and Trump wanting to fix the national emergency of trade deficits.

The United States and Vietnam agreed to start talks for a trade agreement, the Vietnamese government said on Thursday, hours after the U.S. paused the implementation of global "reciprocal" tariffs, including a 46% levy on Vietnam.

Vietnam and the United States agreed to start negotiations on a reciprocal trade agreement, Hanoi said on Thursday, hours after Washington delayed imposing an enormous tariff on the Southeast Asian