President Trump held up a chart in the Rose Garden outlining some of the larger tariff rates he will charge some nations. China will be charged a 34% tariff, the chart said, the European Union will get a 20% levy,

China vowed countermeasures and the E.U. promised a unified response, while Britain and Japan refrained from immediate retaliation.

Trump slapped dozens of countries with broad tariffs. They'll impact goods the US imports from major trading partners like China and the EU.

Alongside Wall Street, global stock markets took a beating after Trump unveiled a 10% baseline tax on all imports, as well as higher tariff rates for some major trade partners.

Japan has refrained from talk of striking back at U.S. tariffs. Trade experts say that is because its inflation-strained economy limits its options.

President Donald Trump plans, on Wednesday afternoon around 4:00 pm, to announce more details about a vast new set of tariffs against perhaps the entire rest of the world. There have been no exact details on how many countries will be impacted,

As investors game out President Donald Trump’s sweeping tariffs and the risks of retaliation, one question traders are debating is whether foreigners might scale back Treasury purchases.

President Trump's reciprocal tariffs on Japan (24%) and South Korea (25%) were largely in line with market expectations.