China, Russia and other countries have developed retaliatory options that could deeply hurt America’s economy and standard of living.

President Trump’s tariffs could threaten supply chains in the renewable energy industry and disrupt oil and gas markets.

Punishing 25% levies on imports from America’s closest neighbors were due to come into force at 12:01 a.m. ET Tuesday, but Trump put his two-front trade war on hold, claiming he’d scored two big wins and major concessions.

Trump's tariffs on Canada, Mexico and China suggest he is willing to risk a global trade war. The main thing that could stop him would be a stock market selloff.

TORONTO (AP) — As Canadians absorb U.S. President Donald Trump’s trade war and his threats to make Canada the 51st state, one thing has become abundantly clear: One of the world's most durable and amicable alliances — born of geography, heritage and centuries of common interests — is broken.

But Mr Trump’s most incendiary claims are reserved for China. The Communist Party, he says, “has subsidised and otherwise incentivised” Chinese firms to “export fentanyl and related precursor chemicals that are used to produce synthetic opioids sold illicitly in the United States”.

These aren’t tariffs, they’re taxes, in this case, trade taxes. And these trade taxes aren’t going to be paid by China or Canada. They will be paid by American companies—like Walmart, which imports apparel,

President Trump says Americans could feel 'some pain' from the emerging trade war he triggered with tariffs against Canada, Mexico and China.

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

Donald Trump made good on his promise to impose trade barriers on key US trading partners. Citing the influx of narcotics and “illegal aliens,” the president announced a 25 percent tariff on goods from Mexico and Canada (with a 10 percent carve-out for Canadian energy imports),