China, which Trump announced will get hit with a 10 percent tariff starting Tuesday, will reportedly have a call with the White House soon. Early Tuesday, Beijing announced a 15 percent levy on certain types of coal and natural gas, and a 10 percent tariff on various vehicle parts, machinery, and crude oil.

Stocks opened sharply lower Monday as Wall Street reacted to news that the Trump administration levied tariffs against Canada, Mexico and China. However, the main benchmarks finished well off their session lows after Trump delayed Mexico tariffs.

Wall Street opened lower after Trump's tariffs on Mexico, Canada and China, sparking fears of trade wars that'll slow economies and ignite inflation.

Global shares are mostly declining as worries grow about President Donald Trump imposing tariffs on key U.S. trading partners

U.S. equity futures tumbled in early Monday trading, while energy prices leaped and the dollar soared to a two-year high against its currency peers as markets reacted to the weekend tariff announcements of President Donald Trump and their potential to trigger a global trade war.

Trump's imposition of tariffs on imports from China, Mexico and Canada rattled markets, with shares of media companies falling lower.

By Yoruk Bahceli, Tom Westbrook and Naomi Rovnick LONDON/SINGAPORE (Reuters) - Financial markets that had bet trade wars could be avoided are reassessing the risks of a sharp global slowdown, resurgent inflation and a pause to Federal Reserve rate cuts following Donald Trump's tariffs on top U.

President Trump announced fresh tariffs on Canada, Mexico, and China that look set to reshape global economies.