Officials in the European Union, China and North American neighbor Canada say they're preparing countermeasures in response to President Trump's announcement of sweeping tariffs on U.S. imports. Why it matters: A global trade war is heating up following Trump's announcement of a baseline 10% tariff on U.

Canada launches a bold highway campaign in the U.S. to highlight the adverse effects of tariffs imposed by President Trump. The initiative aims to inform American consumers about the hidden costs of these tariffs on everyday essentials.

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.

China announced Friday that it will impose a 34% tariff on imports of all US products beginning April 10. The new tariff matches the rate of the US “reciprocal” tariff imposed by US President Trump this week.

US President Donald Trump's new sweeping global tariffs came into effect on Saturday. The US government introduced universal tariffs of a minimum of 10% on imports from all countries. Significantly higher punitive tariffs will apply for some,

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.

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%.

Lago, his private club in Palm Beach, and headed to his nearby golf course a few miles away after writing on social media, in all-capital letters, that “this is a great time to get rich.” Several supporters stood across the street as Trump,