Trump has launched an all-out trade war. Here’s the latest on what’s happening with tariffs — and what it all means for your wallet.

President Donald Trump will implement a 104% tariff on China on Wednesday morning after Beijing missed a deadline to drop its own barrier taxes on U.S. goods. White House officials told the Washington Examiner that China had “until noon” on Tuesday to walk back the 34% tariff rate the country announced in response to Trump’s

President Donald Trump’s top trade negotiator came under fire Tuesday from senators unnerved by the president's sweeping global tariffs, a market meltdown and the heightened risk of recession from an upended global trading order.

It’s time for Wall Street to get a grip. The Trump tariff policies are a calculated gamble that the threat of tariffs can fundamentally remake the global economy and retilt it in the direction of the United States — and away from China and other beggar-thy-neighbor countries.

Trump has insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing. He's singled out China as “the biggest abuser of them all” and criticized Beijing for increasing its own tariffs in retaliation.

The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.

The nation's top trade representative said Tuesday that President Donald Trump’s sweeping tariffs are already getting results, bringing other countries to the negotiating table to discuss reducing their trade barriers.