President Donald Trump has proposed radical tariffs aimed at US commercial partners, including a 10% reference rate that entered into force on Saturday.
In response, investors have initiated a massive sale of shares in the midst of fears that the scale of what Trump has proposed threat to remake the world economic order, and weaken the general global production, including growth in the United States.
But Trump and other White House officials have not shown that they do not retreat from the proposal, which includes duties of more than 40% in some nations, and with 104% threatened in China.
Recent comments from senior administration officials who present the case of duties are presented below
