President Donald Trump has called on Americans to "hang tough" amid stock market turmoil over the last few days and as China retaliates with 34% tariffs.

Donald Trump imposed a 25% tariff on foreign-made cars as part of his economic plan to "supercharge" the US economy.

World markets won a reprieve on Tuesday after three days of heavy selling that wiped trillions of dollars off the value of shares, but caution prevailed with focus on whether Washington might be willing to negotiate on some of its aggressive tariffs.

US stocks rally after days of turmoil, as European markets are mostly ending the day up at close But analysts warn that it may be too early to think the worst is over and that confidence in the market remains fragile White House press secretary Karoline Leavitt says countries are "falling over themselves" to negotiate trade deals with Trump Meanwhile,

The tariffs sent global markets plunging and is expected to have a drastic impact on U.S. consumers and industries. Despite President Donald Trump’s claim that tariffs will boost domestic production,

Jamieson Greer, the United States trade representative, told senators the U.S. economy was in need of “drastic, overdue change.”

Donald Trump announced tariffs on imports from a dizzying number of countries last week, the U.S. president gave a special mention to Australian beef.