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

US stock futures rose Sunday after President Donald Trump appeared to thaw trade tensions between the United States and China, and after his Friday tariff threat prompted a sell-off.

China's exports continued to beat forecasts in September, but the bigger surprise was the surge of imports to hit a 17-month high.

The Chinese Ministry of Commerce said the controls, issued Oct. 9, were part of Beijing's effort to "better safeguard world peace and regional stability."

President Donald Trump said Friday he would impose a 100% tariff on China “over and above any Tariff they are currently paying” effective November 1 – massively escalating his trade war amid a heated dispute over export controls on rare earths.

Tensions with the U.S. have risen after Trump threatened new tariffs in response to Beijing's restrictions on rare earth exports.

This was almost the perfect storm coming together,” he warned. Meanwhile, White House budget office said Friday that mass firings of federal workers have started and could to

China said the US should stop threatening it with higher tariffs and urged further negotiations to resolve outstanding trade issues, adding it will not hesitate to retaliate should Washington persist in its measures against Beijing.