Chinese authorities have condemned the Trump administration's "Tariff shocks" at the World Trade Organization after the US imposed 10% tariffs on all imports.

U.S. Defense Secretary Pete Hegseth has asked some parts of the military to propose what could be cut as part of a potential 8% spending reduction for them over each of the next five years, U.S. officials said on Wednesday, although it was unclear if the total defense budget would shrink.

The sweeping tariffs threatened or already imposed by US President Donald Trump risk triggering inflation, market distortions, and even a global recession,