Trump has responded to threats of digital services taxes with threats of more tariffs, arguing that "only America should be allowed to tax American firms," Reuters reported. In February, Trump issued a memo calling for research into the best responsive measures to counter threats of digital service taxes, including threatening more tariffs.

The recent spate of Trump tariffs has reset the global trade system established over decades, with the US president having imposed tariffs on every corner of the world, with particularly punitive measures taken against chief economic rival,

Australia's central bank on Tuesday said inflation would be lower and unemployment higher due to the cascading effects of global trade tensions, and that was even assuming interest rates were cut as deeply as markets expected.

Increased tariffs pose a risk of material slowdowns to both the US and global economy, though the likelihood of a global recession has lessened.

ZIMBABWE’S manufacturing sector faces an imminent threat from a new wave of cheap imports as global exporters, especially from China, redirect goods originally intended for the United States, according to a report by the Competition and Tariff Commission (CTC).

The trade war initiated by the United States against China has become a pivotal moment in the landscape of global trade and economic policy. Driven by President Donald Trump’s administration, the United States imposed massive tariffs, disrupted supply chains and stoked recession fears.

The first batch of car pricing data since new vehicle tariffs went into effect show an increase as a global trade war upends the industry.

Norsida Man from UPM says the threat of higher tariffs by US president Donald Trump, and its impact on other countries, could reduce global agricultural trade.

JBS , the world's largest meatpacker, reported a nearly 78% annual increase in net profit driven by its poultry and pork businesses in Brazil and the U.S., and said on Tuesday the global trade war has so far had little impact on its business.