Duties on China surged to 145% just as fireworks companies were getting their final July Fourth shipments from the country, which makes the vast majority of supplies used in the U.S.

Most Republicans stayed aligned with the White House despite concerns about the economy.

Reuters reported that China had quietly compiled a list of US-made goods exempt from its 125% tariffs, aiming to ease trade tensions without public concessions. The list appears to be expanding: For instance,

"You don't know whether or not China's going to eat it," Trump said of the potential for tariffs on Chinese goods to increase consumer prices.

Monthly surveys of Chinese factory managers shows export orders slowed in April as higher tariffs on U.S. imports began to kick in

President Trump on Wednesday dismissed concerns about bare store shelves as he spoke about his trade approach with China.

As part of his events marking 100 days in office, President Donald Trump convened his Cabinet officials on Wednesday for a meeting at the White House.Trump also sat down exclusively with ABC News on Tuesday for the first broadcast interview marking this milestone of his second term.