Donald Trump tariff highlights: 'Over 50 countries have reached out to US for negotiations, says Trump's top economic adviser

Trump Tariffs News highlights: In his most expansive trade action to date, US president Donald Trump's imposed 10% "baseline" tariff on most imported goods started Saturday at midnight. The sweeping measure, aimed at addressing the country’s trade deficits was enacted under emergency economic powers. The White House cited a lack of reciprocity and foreign tax policies as justification for the tariffs.The move is already fueling global tensions. China responded to a separate 34% tariff set to hit its exports next week by announcing identical tariffs on American goods, effective April 10. Beijing also pledged to file a complaint with the World Trade Organisation and restrict exports of rare earth materials essential to technology and medical devices.While the White House claims many nations are seeking negotiations, the tariffs have sparked market volatility, investor pullouts, and fears of a trade war. Analysts warn of rising US recession risks and disrupted global supply chains as nations brace for a more protectionist trade era.