U.S. President Donald Trump will meet Japanese Prime Minister Shigeru Ishiba for the first time on Friday as two allies wary of China's rise work to boost business and security ties while an escalating trade war threatens to rupture the global economy.

After many months of threats, the US has imposed 10% tariffs on all Chinese goods coming into the country. Helen Qiao, chief economist for Greater China at Bank of America, joins John Lee and Katia Dmitrieva to gauge the impact in the world's second largest economy and what could lay ahead.

What to know as President Donald Trump imposes steep new tariffs on imports from Canada, Mexico and China, prompting retaliation and countermeasures.

President Trump says Americans could feel 'some pain' from the emerging trade war he triggered with tariffs against Canada, Mexico and China.

On Friday afternoon, around the same time a delegation of senior Canadian officials was preparing to meet with President Donald’s Trump’s border czar in a bid to stave off withering new tariffs, Trump himself essentially told them from afar: Don’t bother.

The move likely will trigger retaliation and risk igniting a trade war that could cause broad economic disruption for all countries involved.

President Donald Trump is facing pressure from U.S. hospitals and generic drugmakers to exempt medical goods from his new tariffs on Chinese imports, as they join big pharma lobbyists who have said such trade barriers will cause shortages of medicines and higher prices in the United States.

Logistics firms are scrambling to adjust to President Donald Trump’s new rules that threaten to upend their booming business delivering small parcels from Chinese sellers to American buyers.

China filed a World Trade Organization complaint on Wednesday against U.S. President Donald Trump's new 10% tariff on Chinese imports and his cancellation of a duty-free exemption for low-value packages,