Donald Trump's trade advisers were finalizing plans on Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war.

Chinese tariffs on U.S. products including LNG, coal and agricultural equipment were imposed Monday, in response to Trump’s 10 percent blanket levy.

President Trump is hiking tariffs on steel and aluminum, and pledging to impose more. The question is whether this leads to a widening conflict or not.

The European Union plans to retaliate against the United States for new steel and aluminum tariffs, adding another element to rising global trade tensions. "Unjustified tariffs on the EU will not go unanswered — they will trigger firm and proportionate countermeasures,

President Trump has proposed a sweeping set of tariffs. Does this mark the end of the post-war free trade world?

Mexico's government on Tuesday questioned the fairness of a 25% tariff ordered by U.S. President Donald Trump on its steel and aluminum imports, stressing that Mexico buys more steel from the U.S. than it exports to its northern neighbor.

Refrigerators, beers and bicycles stand at risk of higher prices as a result of tariffs on steel and aluminum announced by President Donald Trump this week, experts told ABC News. The tariffs, which take effect next month,

President Donald Trump’s desire to get even on countries by matching tariffs they have on American goods could come at a steep cost.

Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminum imports next month, a move that has fanned fears of a trade war as business and political leaders braced for yet more trade duty announcements from the new administration.