Trump said the new 54% tariffs on China have given him "great power" to negotiate a TikTok deal.He said he would be willing to lower tariffs if countries gave him something "phenomenal."TikTok's April 5 divest-or-ban deadline edges even closer,

Administration officials and their allies have offered sometimes conflicting messages about the end goal of the tariffs and whether countries can negotiate new rates.

Everything from crude oil to Big Tech stocks to the value of the US dollar against other currencies has fallen.

Financial markets were gripped by recession fears as stocks extended a punishing global selloff on Friday in the wake of U.S. President Donald Trump's sweeping tariffs, helping drive a rally in U.S. Treasuries and supporting gold near a record peak.

Under a sweeping new plan aimed at stimulating U.S. manufacturing announced Wednesday, he added another 34% in reciprocal tariffs, bringing the total to 54%. The tariff − the highest U.S.

President Donald Trump’s expansive new tariff regime reverses a decades-long global trend of lower trade barriers that will likely raise prices for U.S. consumers and threatens to sharply slow the economy this year.

By Sinéad Carew, Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON (Reuters) -Global investors grappled on Thursday with rising chances of an economic downturn and a sprawling trade war, as they scrambled for safe-haven assets to buffer against fallout from U.

The Trump administration's aggressive global tariff regime against imported goods from some of its closest allies has drawn strong reactions across the board.