When the first two rounds of 10% tariffs hit, Zou Guoqing, a Chinese exporter, groaned but didn't find the barriers insurmountable. He gave up some of his profits and offered his client, a snow-bike factory in Nebraska,

Washington says it's "optimistic" about a deal with China as tit-for-tat tariffs reach levels that make trade between the two economies unfeasible. What would a deal entail?

China announced countermeasures on Friday, raising tariffs on U.S. goods from 84% to 125% starting Saturday. The U.S. and China have escalated trade war by raising tariffs even as U.S. President Donald Trump hit a pause on tariffs for other countries.

China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% -- the latest salvo in an escalating trade war between the world's two largest economies that has rattled markets and raised fears of a global slowdown.