A tariff hike could potentially damage the Chinese economy. The U.S. imported about $438 billion worth of goods and services from China last year, making it the largest destination for China’s exports. In all, that figure accounts for about 15% of China’s exports, according to the Office of the U.S. Trade Representative.

A deal between the United States and China to spin off the US assets of Tik Tok was put on hold after President Donald Trump's announcement of reciprocal tariffs. China halted the deal on Thursday after Trump's wide-ranging tariffs were announced, with ...

President Donald Trump’s tariffs announcement this week prompted China to back out of a potential deal to save TikTok. The Trump administration was close to finalizing a deal for U.S. investors to own and operate the wildly popular app, but now the deal ...