China is retaliating in a determined and at times highly detailed manner to U.S. President Donald Trump’s new tariffs, with a 34% tax on all U.S. imports next week.

China announced that it will impose reciprocal tariffs on all United States imports. Who pays these taxes? Will it affect you?

The market has spoken,” a Chinese official said of the tariff turmoil, but other countries are making overtures to the U.S. to try to contain the fallout.

The trade conflict between the world’s two largest economies reached new terrain as Beijing showed its anger with first across-the-board levies.

The trade wars launched by U.S. President Donald Trump have escalated to new heights. Just days after Trump unveiled sweeping new “reciprocal” tariffs on imports from around the world, China on Friday levied a retaliatory 34% tariff on all U.

Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide.

The US president, who has vowed to remake the global trade order, dismissed concerns, noting the US jobs market is strong.

China slapped a 34% tariff on U.S. goods starting April 10 in retaliation to Trump's tariff plans. Global markets tumble as the trade war begins. Follow along for live updates on how the Dow, S&P 500 and Nasdaq are reacting.

World shares slid downward, U.S. futures fell and Wall Street appeared on track for another day of crushing losses Friday as investors counted the potential costs of U.S. President Donald Trump’s latest set of tariffs — including China's retaliatory match of a 34% tariff on imports of all U.