China said on Friday it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade war.

There were concerns about the methodology that the United States used to arrive at country wise tariff rates. “Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the US and each of our trading partners,

President Trump's sweeping new set of tariffs impact friends and foe alike, but also on the list are uninhabited islands while glaring omissions include Russia and Iran.

Trump promised the tariffs will bring about “the golden age of America,” but economists have warned a recession could happen.

Countries and industries were scrambling Friday to respond as President Donald Trump’s latest tariffs hikes upend global trade and world markets.

The world is approaching painful times as the U.S. administration's so-called "reciprocal tariffs" arrive. It is an undeniable reality that the United States is unabashedly wielding hegemony in an attempt to secure its interests,

Trump cited a Chinese approval of the sale of TikTok to a U.S. company as an example of a concession Beijing can make to negotiate on tariffs.

President Trump maintains optimism despite a sharp stock market decline, asserting that the U.S. economy will thrive. The S&P 500 fell 4.8%, Dow shrank 4% after tariffs on imports were announced.