Trump’s move on Wednesday to place stiff new tariffs on imports from nearly all U.S. trading partners marks an all-in bet by the Republican that his once-fringe economic vision will pay off for Americans.

President Trump's 10 percent baseline tariff on nearly all goods imported to the U.S. went into effect early Saturday. It comes ahead of steeper tariffs set to begin in the coming days, and after a massive market sell-off over concerns about the trade war's economic impact.

India does not plan to retaliate against U.S. President Donald Trump's 26% tariff on imports from the Asian nation, an Indian government official said, citing ongoing talks for a deal between the countries.

A deal for TikTok to be purchased has stalled due to Trump’s tariffs on China. A deal to spin off the U.S. assets of TikTok was put on hold after China indicated it would not approve the deal following President Donald Trump’s tariffs announcement this week,

President Donald Trump had nearly clinched an agreement with TikTok’s Chinese owner ByteDance Ltd. that would spare the popular app from a US ban, but the deal was scuttled after China withheld its approval following this week’s tariff announcement,