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President Donald Trump threatened additional tariffs of 50% on China on April 7, raising fresh concerns that his drive to rebalance the global economy could lead to a trade war.

President Donald Trump remained defiant on April 7 as global markets continued plunging and fears of a recession grew after his tariff announcement last week.

In addition to uncertainty around tariffs, other less-publicized issues are threatening to upend global supply chains.   

Jeep maker Stellantis is offering fresh discounts across its brands while Hyundai pledged to hold prices steady until June 2 in a bid to ease fears that tariffs will make cars more expensive.

Gov. Gavin Newsom said he’s seeking exemptions for California-made products from retaliatory tariffs and wants to open talks with global allies over new trade relationships.

Nissan Motor decided to stop selling a pair of Mexican-built Infiniti SUVs in the U.S. market, in response to President Donald Trump’s sweeping tariffs on car imports.

China announced April 4 that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following the U.S. slate of tariffs.

Just hours after taking effect, President Donald Trump’s 25% tariffs on imported cars were already reverberating around the globe.

Canada will put 25% retaliatory tariffs on U.S.-made vehicles in response to the Trump administration’s import taxes on foreign autos, Prime Minister Mark Carney said April 3.

Stellantis NV is temporarily halting work at factories in Canada and Mexico as U.S. tariffs begin to impact operations across the automotive industry.