Trump's global trade war: What you need to know so far

If you're just tuning in, here's a quick summary of what's been happening with President Trump's trade war:

• China has hit back by putting an 84% tariff on all products coming in from the US, making the trade fight between the two countries worse.
• This happened after Trump first put a 104% tariff on goods from China, then raised it to 125%. He said it was because China wasn't showing enough respect.
• Even though Trump is being tough on China, he has stopped higher tariffs on goods from other countries for now. Still, there will be a general 10% tariff on imports.
• After hearing that some tariffs might not go up, stock markets in Asia went up. One expert said people in the region are really relieved.
• In the US, the stock market (Wall Street) made big gains on Wednesday after days of losses.
• At a Nascar event at the White House, Trump said he still believes the US will make fair trade deals with China and other countries.
• China has taken another complaint to the World Trade Organization, saying the US is being a bully.
• Some countries are trying to work things out with the US For example, Vietnam says the US has agreed to start talks about a trade deal.

Here is a timeline of Trump's tariff actions since January 20:

• January 20: During his inauguration speech, Trump talks about changing the global trading system "to protect American workers" and says he plans to add tariffs on foreign countries "to enrich our citizens."
• February 1: Trump announces a 25% tariff on goods coming from Canada and Mexico, and an extra 10% tariff on goods from China.
• February 3: Mexico and Canada make a deal with the US to pause the tariffs for one month.
• February 10: Trump announces a 25% tariff on all steel and aluminum being imported into the US.
• March 4: The White House adds another tariff on Chinese goods.
• March 12: The 25% tariffs on steel and aluminum officially start.
• March 26: The White House announces new 25% tariffs on cars and car parts coming into the US These will begin on April 2.
• April 2: Trump says the US will place "reciprocal tariffs" on certain countries, and also adds a 10% tariff on imports from all other countries.
• April 5: The 10% "baseline" tariff goes into effect.
• April 9: Custom tariffs on about 60 countries—called the worst offenders—start. Trump then says there will be a 90-day pause for all countries except China, but a 10% tariff will stay in place for everyone. Trump also raises tariffs on China to 125%.
• April 10: China's 84% tariffs on US goods begin.