The world after Trump's tariffs

US President Donald Trump's latest wave of tariffs has come into force, with imports from China hit by a 104% rate amid an escalating standoff between the world's two biggest economies.

Tariffs ranging from 11% to 104% now apply to imports from around 60 US trade partners, which Trump has dubbed the "worst offenders" for what he considers unfair trade practices.

China has since hit back by raising import duties on US goods arriving in China to 84%.

Markets across the globe lost trillions of dollars after Trump announced the new tariffs last week, with many Americans fearing price rises and some analysts predicting increased odds of recession.