China's Commerce Ministry called Trump's latest threat "a mistake on top of a mistake," prompting Treasury Secretary Scott Bessent to clap back.

"It would be a mistake to think that China will back off and remove tariffs unilaterally," says Alfredo Montufar-Helu, a senior advisor to the China Center at The Conference Board think tank. "Not only would it make China look weak,

Less than an hour before markets closed on Monday, reporters gathered in the Oval Office to question Donald Trump about his looming tariffs, which we

European shares rose from 14-month lows on Tuesday, after four straight sessions of heavy selling, although investors continued to closely watch developments as countries responded to sweeping U.S. tariffs.

US stocks rally after days of turmoil, as European markets are mostly ending the day up at close But analysts warn that it may be too early to think the worst is over and that confidence in the market remains fragile White House press secretary Karoline Leavitt says countries are "falling over themselves" to negotiate trade deals with Trump Meanwhile,

Follow here for live updates and news on fallout in the financial markets from President Donald Trump's announcement last week on tariffs for all countries.

Jamieson Greer, the United States trade representative, told senators the U.S. economy was in need of “drastic, overdue change.”

Donald Trump announced tariffs on imports from a dizzying number of countries last week, the U.S. president gave a special mention to Australian beef.

Donald Trump has threatened China with an extra 50% tariff on goods imported into the US if it does not withdraw its 34% counter-tariff, as global markets continue to fall. Beijing retaliated on Sunday,