Live updates: Trump's tariffs give rise to a turbulent economy

What to KnowChina s manufacturing activity fell more than expected to a near two-year low sliding into contractionary territory in April as the escalating arrangement war with the U S hurts bilateral transaction Trump softened particular of the tariffs on cars and auto parts during a speech marking the first days of his second term The Senate proven former Sen David Perdue R-Ga as the U S ambassador to China a position he will take on amid rising tensions between the two countries over escalating tariffs Trump softened various of the tariffs on cars and auto parts during a speech marking the first days of his second term Follow along for live updates