President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by announcing astronomically high tariffs, get countries to come to the negotiating table,

The Trump administration is touting the likelihood of reaching trade agreements with several countries. But the spat with China is just escalating.

The S&P 500 rose 9.5 percent after President Trump announced he would pause his “reciprocal” tariffs for 90 days, but economists warned that American importers were not out of danger.

U.S. President Donald Trump is optimistic about reaching a trade deal with China, White House press secretary Karoline Leavitt said on Friday, amid an escalating trade war between the two economic giants that has battered markets.

While U.S. President Donald Trump paused import taxes this week for other countries, he raised tariffs on China and they now total 145%. China has denounced the policy as “economic bullying” and promised countermeasures.

The U.S. and China have escalated trade war by raising tariffs even as Trump hit a pause on tariffs for other countries.

Read more of our coverage of Donald Trump’s tariffs Trump’s incoherent trade policy will do lasting damage With tariffs paused, Republicans dodge a fight with Trump The tariffs on China are so extravagantly high because it chose to retaliate,

Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,

This time, China is unlikely to respond to Trump’s trade war in the same way it did in his first term. In early 2020, after years of skirmishing, Beijing agreed to a “phase on