The US president has threatened to hit Beijing with the higher tariff if it did not withdraw its own retaliatory levy.

Canada's counter-tariffs to the U.S.-imposed duties on foreign-made cars and light truck imports will go into force at 12:01 a.m. on Wednesday.

The president's global raft of tariffs was dubbed "worse than the worst-case scenario" by experts, with Elon Musk reportedly ...