Beijing hit back with its own tariffs and export restrictions after being subjected to levies by President Trump. Trade experts said China appeared to aim for minimal short-term harm while showing the range of its possible responses.

Beijing responded with retaliatory measures after President Trump’s announced a 10% tariff on all Chinese goods. CNBC correspondent Megan Casella reports on what this means for consumers.

The president’s trade assault, which makes no distinction between ally and adversary, is an assertion of U.S. dominance with significant risks.

What to know as President Donald Trump imposes steep new tariffs on imports from Canada, Mexico and China, prompting retaliation and countermeasures.

U.S. President Donald Trump said on Sunday that although Britain was "out of line" when it came to trade he thought it may be able to avoid tariffs, adding of the imbalance: "I think that one can be worked out".