In a series of blustering morning tweets, Trump also claimed the new tariffs will help rather than hurt the U.S. and bring "FAR MORE wealth." He offered a proposal he said would ease any negative impact on U.S. farmers from lost sales to China.
In Beijing, Chinese officials said they will retaliate if President Donald Trump goes ahead with more tariff hikes, adding to the heated rhetoric from both sides that was shaking stock markets around the world.
Abandoning his threat to immediately seal the southern border, President Donald Trump warned instead that he'd slap tariffs on cars coming to the U.S. from Mexico unless the Mexicans do more to stop the flow of migrants and drugs to the U.S.
America's auto industry is bracing for a potential escalation in President Donald Trump's tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress.
The United States and China hiked tariffs Friday on billions of dollars of each other's goods, launching what Beijing called the "biggest trade war in economic history" in a spiraling dispute over technology.