China, Russia and other countries have developed retaliatory options that could deeply hurt America’s economy and standard of living.

China is subject to significant US tariffs already and has been since Trump's first term. But the blanket nature of today's new levies from the White House on every single goods import from China - from toys, to mobile phones, to clothes - is new and significant.

The Trump administration’s senior trade counselor also dismissed concerns that the president forced only minor concessions from Canada and Mexic