The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

At the end of the day, the brunt of the tariffs will fall on US consumers, especially lower-income ones who rely on relatively inexpensive products from China. Now, Americans can expect longer wait times and higher prices, trade experts told CNN.

Beginning Wednesday, shipments arriving in the United States from China and Hong Kong worth less than $800 could face 54 percent tariffs.

The small technology company with operations in China said it struck a $300 million funding deal to help it amass a stockpile of cryptocurrencies, including the president’s $TRUMP meme coin.

Donald Trump’s team is throwing itself into the most expansive and simultaneous set of high-level diplomatic negotiations in years, involving China, Ukraine, Russia, Iran, the Middle East and multiple global trading rivals.

Both the U.S. and China could be back at the negotiation table again soon to hash out further details, according to Treasury Secretary Scott Bessent.

The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.

As Donald Trump shakes up the very institutions, alliances, and free trade order that have underpinned America’s global dominance since World War II, some in China are reminded of their own former leader — one who wielded revolutionary zeal to tear down the old world more than half a century ago.

The Five' co-hosts discuss President Donald Trump's 'total reset' with China and his executive order to lower drug prices.