How concerned Federal Reserve officials were over stagflation risks as they met last month may become more clear on Wednesday in a readout of a gathering held before President Donald Trump's April 2 tariff announcement shook markets and made forecasts for higher inflation and slower growth more widespread.

The value of the U.S. government's Bitcoin holdings has declined 12% from $17.24 billion to $15.21 billion since Trump's announcement of "reciprocal tariffs."

They could not have imagined a president would use emergency authority to bypass Congress and impose tariffs on the entire world.”

President Donald Trump will implement a 104% tariff on China on Wednesday morning after Beijing missed a deadline to drop its own barrier taxes on U.S. goods. White House officials told the Washington Examiner that China had “until noon” on Tuesday to walk back the 34% tariff rate the country announced in response to Trump’s

China again vowed to “fight to the end” against Donald Trump’s tariffs in a lengthy policy statement published Wednesday, while arguing that trade between the two countries is in balance as a 104% tax on the country’s exports to the U.

The US and China tariffs keep escalating. The US will impose a cumulative 104 percent tariff on goods imported from China after midnight tonight alongside a host of tariffs on other countries, the White House confirmed to CNBC.

President Donald Trump announced an additional 50% tariff on goods imported from China, which could potentially double the price of Chinese imports. Trump's additional tariffs followed China's announcement that it was matching the "reciprocal tariff" Trump announced last week amid the new sweeping tariffs on US imports.

China on Wednesday vowed to take resolute and effective measures to safeguard its rights and interests, after U.S. President Donald Trump's 104% duties on Chinese imports kicked in.

If the U.S. insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end” the Ministry of Commerce wrote in a statement introducing the white paper.

Among them is a hefty 104% tariff rate on China. Trump has described the tariffs as "reciprocal," saying the steep toll will correct a grievance he's held for "35 years:" that the U.S. is being "ripped off" by trade imbalances.