China said there are no winners in trade wars as it reacted to U.S. President Donald Trump's new and rising import tariffs on softwood lumber, upholstered furniture, and kitchen cabinets and vanities.

Trump is imposing tariffs up to 50% on lumber and wood products on Oct. 14, a move builders warn could raise costs and hit Canada, the U.S.’ top supplier.

A majority of Americans — regardless of party affiliation — have made it crystal clear in poll after poll: They’re not on board with President Donald Trump’s tariff-heavy agenda. It’s also an open question as to whether the president is legally able to impose the levies.

The Trump administration is reportedly planning tariffs on foreign electronic devices, calculated by chip content, to pressure companies into US manuf

There are at least two other laws that President Donald Trump could use to continue his tariff agenda, though neither is as quick as the current authority he is using.

White House weighs tariffs tied to a 1:1 balance between US-made and imported chips, aiming to cut foreign reliance and test Trump’s truce with tech.

Ken Griffin urges the White House to avoid picking corporate “winners and losers,” warning exemptions for major companies could backfire with future administrations.

Mr. Trump, who turned to social media to announce the new tariffs, said the moves would protect American producers from “unfair outside competition.” He said his actions were justified by “large scale ‘FLOODING’” of the products into the United States by other countries.