Trump calls tariffs America's "big power over China," but analysts say Beijing may be better prepared than ever to engage in a trade war with the U.S.

Howard Lutnick, the financier President Trump has picked to lead the Commerce Department, said he favored “across-the-board” tariffs and was grilled about his financial ties in a nomination hearing Wednesday.

Markets were cautiously optimistic after Trump took a lighter approach to China on Monday. That sentiment lasted a day.

President Donald Trump on Tuesday warned that even more tariffs could be coming as soon as next week: This time China was his target, as Trump threatened to unleash a wave of higher taxes on imports from America’s second-biggest trading partner.

President Donald Trump said he’d prefer not to have to impose tariffs on China, his latest dovish remark toward the world’s second-biggest economy even as he continues to threaten sweeping action.

However, Trump's threats have changed over time, ranging from small levies to ones exceeding 200%, leaving other nations and businesses unclear of what is to come next. Here is a roundup of Trump's trade-related threats.

Donald Trump's commerce secretary nominee told his US Senate confirmation hearing Wednesday he favors "across-the-board" tariffs targeting countries rather than products, while signaling a hawkish China stance.