President Donald Trump's "reciprocal' tariffs against U.S. trading partners went into effect at midnight Wednesday, raising costs to import goods from China, Europe Southeast Asia and more.

An economics expert claims that Mexico is breathing a "big sigh of relief" as the country is set to be less impacted than others by Trump's tariffs

The U.S. tariffs on goods imported from Mexico and Canada will not be affected by the 90-day pause on tariffs announced by President Donald Trump on Wednesday, a White House official said.

China had raised its duty on American goods to 84% in tit-for-tat hikes that threaten to disrupt trade between the world’s two largest economies.

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,

President Donald Trump is imposing tariffs on the world at will, spooking markets and straining alliances. When China announced retaliatory tariffs on US products, Trump made the unilateral decision to double down.

U.S. stock index futures fell on Thursday, a day after an eye-watering rally set off by U.S. President Donald Trump's move to temporarily lower the heavy tariffs on dozens of countries, while raising the levies on China.

If the U.S. insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end” the Ministry of Commerce wrote in a statement introducing the white paper.