The tariff fight between the world's two largest economies spiraled into greater peril Wednesday as President Donald Trump tried to narrow his global trade war into a direct — and risky — faceoff with Beijing.

The Trump administration has given a variety of reasons and mixed messages for ratcheting up the tariffs charged on goods coming into the United States.

President Trump on Wednesday raised the tariff on Chinese goods to 125%. Wondering what that makes for your favorite products? See list

However, it is still possible that Apple—and others—will be exempt from the tariffs, although everything will depend on Trump’s “instinct.” Donald Trump answered a few questions from journalists. One asked him if some US firms that were “hard hit” by the recent tariffs imposed by the Washington administration could be exempted.

In a dramatic move Wednesday, Trump authorized a 90-day pause in the higher tariffs for most countries he announced last week while maintaining a 10% universal tariff.

Trump said he decided to pause tariffs because people "were getting yippy" and "a little bit afraid" amid days of market turmoil.

U.S. President Donald Trump on Thursday threatened Mexico with sanctions and tariffs in a dispute over an 81-year-old water treaty that outlines water sharing between the two countries through a network of interconnected dams and reservoirs.

The beloved iPhone, a flagship product of Apple, faces potential price hikes due to tariffs imposed by President Donald Trump.

"The European Union has been very bad to us," the president said after the "zero-for-zero" proposal from the bloc