Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.

Finance chiefs gathering in Washington this week were ready to discuss the global economy's surprising resilience in the face of Donald Trump's tariff assaults - until U.S.-China trade war rhetoric reignited with the U.

A 100 percentage-point increase in U.S. tariffs on China doesn’t have to happen, said Treasury Secretary Scott Bessent, saying the two sides could step back from an escalation in their trade war through talks in the coming weeks.

"Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!"

The White House budget office said today that mass firings of federal workers have started. Follow along for updates.

After one of the largest liquidations in history, traders breathe a sigh of relief as risk appetite returns and major tokens bounce back sharply.