The policy was put into effect by departing U.S. Ambassador Nicholas Burns in January shortly before he left China.

World leaders were still processing Trump’s complex new tariff regime Thursday and few were prepared to unveil specific trade retaliation. But a number of them promised it was coming, raising the specter of an escalating tit-for-tat trade war that could devastate the global economy.

Some countries are promising swift countermeasures; others are asking for an opportunity to negotiate with the U.S. to avoid trade war.

America's global trading partners are bristling at President Trump's tariff tactics, but many also stress a desire to strike new deals with the U.S.

Global ratings agency Fitch on Thursday downgraded China's long-term foreign currency credit rating to 'A' from 'A+', on expectations of weak public finances and rapidly rising debt.

World leaders have a wide range of responses to President Donald Trump's tariffs, with some making threats and others seeking negotiations for better deals.

A new House GOP bill is aimed at bolstering U.S. manufacturing after President Donald Trump issued sweeping tariffs.

Not even America’s closest trading partners were spared by a policy broadside that spooked investors and left policymakers scrambling to formulate responses.

As Trump's tariffs push Chinese businesses to seek new markets, one expert says the trade war is likely to get worse before it gets better.