On Tuesday, President Donald Trump bragged that many foreign leaders were “kissing his ass” to avoid the steep tariffs he’d imposed on their countries. But China’s leader, Xi Jinping, was not one of them. “We are waiting for their call,” Trump said of China’s leadership in a social-media post.

So China cannot afford Trump’s tariffs, and cannot afford to crawl to him, either. But Trump may not even want a deal with China to fix this. He’s suggested his tariffs on China are meant to weaken America’s biggest rival.

The trade war between the world’s two largest economies is escalating as China slapped a 125% tariff on U.S. goods in response to President Donald Trump’s 145% tariff on Chinese products

Global markets are reeling over President Donald Trump’s haphazard approach to tariffs and an escalating trade war with China. Stocks have been volatile, and an unsettling shift has emerged in the bond market.

Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against President Donald Trump's decision to raise duties on Chinese goods and upping the stakes in a trade war that threatens to upend global supply chains.

China raised tariffs on U.S. goods from 84% to 125% in the latest round of tit-for-tat blows in an escalating trade war but said further tariff hikes would be pointless as U.S. goods were already pric

Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,

Wall Street's main indexes dipped in choppy trading on Friday after China increased its tariffs on U.S. imports, escalating a trade war that has hammered global markets in recent weeks, while investors assessed results from big Wall Street banks.

Chinese tariffs on American products rose from 84% to 125%, China announced Friday morning. The tariffs take effect Saturday, April 12. Jim Donovan has your morning headlines with weather from Meteorologist Tammie Souza.