tariffs

Updated at 11:01 a.m. ET

Hours after President Trump announced tariffs on $200 billion in Chinese goods, China responded with its own levies on $60 billion worth of U.S. products.

Chinese state television on Tuesday reported that the government has decided to impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday. The tariffs will apply to 5,207 items.

Updated at 6:43 p.m. ET

President Trump announced Monday that he is ordering 10 percent tariffs on $200 billion worth of imports from China.

Trump also threatened to add tariffs on about $267 billion of additional imports if China retaliates against U.S. farmers or other industries.

It's the latest round of an escalating trade dispute between the two countries.

Congressional Republicans are growing increasingly worried that President Trump is on the verge of a trade war with China. But they're also realizing there is almost nothing they can do to stop him.

House Speaker Paul Ryan, R-Wis., put it bluntly during an event at The Economic Club of Washington on Thursday.

"You would have to pass a law to say don't raise those tariffs and the president would have to sign that law," Ryan said. "That's not going to happen."

Several months into the Trump administration's aggressive rollout of tariffs on imported products, the results are piling up across the American business landscape. And not all of them are negative.

In Hillsboro, Ore., a solar plant got a second chance at life after tariffs on imported solar panels went into effect in January.

Updated at 8:15 a.m. ET

As the day dawned across the U.S. on Friday, a new economic reality dawned with it: The tariffs long threatened against billions of dollars in Chinese goods took effect just at midnight ET while many Americans were sleeping — but Beijing was ready immediately with a wake-up call of its own.

Updated at 3:57 a.m. ET Saturday

President Trump is enacting a 25 percent tariff on $50 billion of Chinese goods "that contain industrially significant technologies," after months of exchanging threats amid concerns over a potential trade war.

U.S. Customs and Border Protection will begin to collect tariffs on the first $34 billion worth of Chinese imports on July 6. A second set of imports subject to tariffs is still under review.

After U.S. tariffs on imports of European steel and aluminum took effect Friday morning, the EU's top trade commissioner called them "illegal" and a classic case of protectionism.

The EU plans to make its case to the World Trade Organization.

President Donald Trump is threatening to put tariffs on steel and aluminum imported into the United States, and Friday the European Union released a list of products it says it will tax in retaliation—including Orange Juice.

Updated at 4:47 p.m. ET

President Trump ordered steep tariffs on imported steel and aluminum from every country except Canada and Mexico. It's the boldest move to date for the president who campaigned on a protectionist platform that is sharply at odds with Republicans' free trade orthodoxy.

Updated at 3:00 p.m. ET

Fears of economic and political backlash are motivating senior congressional Republicans to move forward this week with public and private lobbying efforts aimed at getting President Trump to change his mind about tariffs he intends to levy on steel and aluminium imports.

The Trump administration announced it will impose a 20 percent tariff on imported softwood lumber from Canada.

The dispute is not new — the United States and Canada have sparred over imports of forest products for decades. But the action comes as the two nations prepare to renegotiate the North American Free Trade Agreement, or NAFTA, which President Trump has harshly criticized.