Image source, Handout

Among the countries hoping to negotiate a route out of US tariffs as soon as possible is Bangladesh, the world’s second largest maker of clothing.

In the next few hours, it faces a 37% tax imposed on anything sold into the US.

Bangladesh has pledged to increase the goods it buys from the US in return for a three month reprieve.

But Rubana Huq, chairperson of Mohammadi Group - a conglomerate focussed on the garments industry, told Shaun Ley on BBC NewsHour that they hadn’t received a reply yet from the Trump Administration.

"There hasn’t been any response so far, we haven’t seen any tweets whatsoever… all we can do is just keep our fingers crossed and hope for the best – and hope for a tweet to come along I guess," she said.

"For the economy, since we are so heavily garment dependent, it’s going to be ominous – you can imagine the impact on the workers – we can’t afford to shut shop, we’ll just have to go on."

James Kelly
UGC Hub

Scott McCoy, 28, is a married charity worker from Florida. He tells the BBC he thought the Republicans - and Trump - were "supposed to be capitalists" but that the tariffs do not support that.

The "staunch conservative" - as he calls himself - hopes that the tariffs are a "leverage", but says it seems like Trump "thinks trade is a zero-sum game instead of the win-win situation free trade actually is".

“It’s frustrating because I wish I had a capitalist, free market party to choose from and it’s feeling like more and more that’s not the case," he explains.

If the tariffs stay, Scott believes there will be a recession, and says he would also consider voting for the opposition, as would his conservative friends.

“I hate the thought of voting for a Democrat in the future, but if it means getting rid of these tariffs, I would think about it," he says.

Listen to BBC Newscast's analysis on China's retaliation to the US tariffs on BBC Sounds now.

James Cook is joined by Ian Williams, author of the Fire of the Dragon, China's New Cold War and Sophia Gaston, visiting fellow at Kings College London on the latest episode of Newscast.

On the episode, Chief International Correspondent Lyse Doucet also joins to talk about the US-Iran nuclear deal talks happening this weekend.

Image source, Getty Images

Donald Trump has just finished speaking and has signed executive orders aimed at increasing US coal production.

During his speech, he touched briefly on the "somewhat explosive" tariffs announcement he made in the Rose Garden last week.

He didn't take questions from reporters, but one did manage to shout as he was exiting the room: what is your message to business leaders who are concerned about the tariffs?

Trump did not respond.

This might not be the last time we hear from the US president before his tariffs on some 60 countries come into effect later tonight - but will bring you those lines when and if they come.

Bernd Debusmann Jr
Reporting from the White House

I'm currently in the East Room in the White House, where President Trump - after a long and winding speech on coal - has also addressed tariffs.

Speaking to several dozen lawmakers, cabinet members, industry executives and coal miners, Trump defended the tariffs, claiming they're already bringing $2bn a day.

Making many of the same points as he has in recent days - and that his press secretary made earlier today - Trump says "we've had talks with many, many countries" who wish to negotiate on tariffs.

"Our problem is, we can't see that many that fast," he adds. "But we don't have to because the tariffs are on and money is pouring in at a level we've never seen."

Trump has also claimed that industry executives have expressed desires to set up plants and businesses in the US - where they won't be tariffed.

The president, however, has not commented on the market reaction to the tariffs, nor about criticisms that have come from Democrats and some Republicans.

Soon after, he pivoted to the US-Mexico border and immigration.

Image source, Getty Images

We're listening to Trump speak at the White House right now. He is there to sign an executive order on coal, but he's also speaking about his wide range of tariffs on trading partners.

The president says his recently announced tariffs have been "somewhat explosive", but he maintains they were vital for his vision of the US.

Trump says money is "pouring in" from the tariffs he has already implemented.

"The tariffs are on," he adds.

Image source, Getty Images

Let's take a look at how some of the major US tech companies ended the trading day.

Tesla's stocks were down 5.45% at closing, while Apple's shares fell by 5.22%.

Nvidia, another tech giant, had stocks fall 2.01%.

And Amazon's shares were also down 2.88% at closing.

The so-called "magnificent seven" - which is made up of Nvidia, Alphabet, Amazon, Apple, Microsoft, Meta, and Tesla - has accounted for a large chunk of the more than $5tn (£3.9tn) the S&P 500 index has lost in value in recent trading sessions, Reuters news agency reported yesterday.

The markets in the US have closed after another volatile trading day in the shadow of Trump's tariffs.

Stocks rose at opening in New York earlier today, but then there was a drop.

Here's where things stand at closing bell:

• S&P 500 closed down 1.57%
• Dow Jones closed down 0.84%

• Nasdaq closed down 2.15%

Image source, Getty Images

BBC's World Service has been speaking to stockbrokers and traders about what the past few days have been like on the trading floor, following Trump's global tariffs announcement.

In the US, stock trader Steve Burns calls the "speed and the magnitude" of the situation "astounding".

"There were traders that unsubscribed, that left my trading group - they quit and gave up on their trading."

Luca Della Rocca, Head of Trading at Intermonte, in Milan, Italy, describes it as "scenes" you see "quite a lot" in movies.

"It has turned very stressful, I would say more than I was expecting when I started this job," he says, adding they have to try and keep "as cool as possible and not pass stress on to the clients".

In Brisbane, Australia, Jack Strickley - who is a stockbroker at Morgans Financial - says it has been a "busy couple of days" but that communication is "the most important factor" for days like these.

From tomorrow, some vehicles entering Canada from the United States will face 25% tariffs, the Canadian finance department has just confirmed.

The measures were announced earlier in the month.

This will affect:

• Non-Canada-US-Mexico Agreement compliant fully assembled vehicles
• Non-Canadian and non-Mexican content of CUSMA compliant fully assembled vehicles

In a statement, the department adds the tariffs will remain in place until the US eliminates its tariffs against the Canadian auto sector.

Canada has strongly disagreed with American tariffs, and since March 13 imposed 25% tariffs against a list of US products including steel, aluminium, tools, and sports equipment amounting to $29.8bn (£23.2bn).

Image source, AFP

1. From just past midnight local time (05:01 BST), China will face 104% tariffs from the US, after refusing to dial back on their own retaliatory action. The rest of Trump's "reciprocal" tariffs will also go ahead, directly impacting about 60 countries and territories
2. Global leaders are still denouncing the tariffs. UN Secretary-General António Guterres says "nobody wins" in a trade war, and France's President Emmanuel Macron urges Trump to "reverse his decision"
3. Almost 70 countries have approached the US to begin negotiations over the tariffs, the White House said
4. Trump's economic advisor Kevin Hassett says the discussions are positive, and that there are "a lot of concessions on the table". It will be down to Trump to decide on any deals
5. As for the stock markets, US stocks have rallied, and the big European markets were in the green, but that doesn't mean the worst is over, analysts warn
6. Sarah Wells, the founder of a small US-based company whose products are manufactured in China, calls the tariffs "unsustainable" and says she is "devastated" at the price rises she faces from the tariffs

Stick with us for more developments, reaction and analysis.

Nomia Iqbal
North America correspondent

Image source, BBC / Cai Pigliucci

One of the reasons Trump has given for the tariffs is to see a revival of industrialisation to regions that have since long been forgotten.

Just east of Pittsburgh, a town once known for its thriving steel industry is now recognised for its natural beauty and industrial decay. Much of the area is rundown with dilapidated houses, old buildings with weeds growing on them and abandoned stores.

President Trump points to towns like these as an example of the impact of global trade and as places he wants to see boom again.

Tad, who owns an auto repair shop with his dad, tells the BBC he welcomes the tariffs.

"It's definitely going to hurt for a little bit, but once it's resolved, I think it'll be over," he explains.

But at a popular local diner - while there is similar support - some are not as optimistic, instead worried that the tariffs will make their lives tougher.

"You gotta protect yourself because I think we're in for a recession really," says Joe, adding he had to move stocks around.

United Nations Secretary-General António Guterres says "nobody wins" in a trade war, and that the impacts will be felt most acutely by the poorest countries.

Speaking to reporters, he says: "Trade wars are extremely negative. Nobody wins with a trade war, everybody tends to lose.

"And I'm particularly worried (about) the most vulnerable developing countries in which the impact will be more devastating."

France's President Emmanuel Macron has called on Trump to "reverse his decision" on the implementation of global tariffs.

Speaking to a Le Parisien reporter during a visit to Egypt, Macron says "Europe never wanted chaos".

He adds that the European Commission is leading the response of EU-member states .

Trump is set to impose tax imports on the EU of 20%.

White House stands firm as tariff deadline loomspublished at 19:10 British Summer Time 8 April

19:10 BST 8 April

Bernd Debusmann Jr
Reporting from the White House

We've just wrapped up a news conference which was, more than most, completely dominated by one single topic: the tariffs.

Aside from the confirmation that some goods from China will be subject to 104% tariffs starting tomorrow, there was nothing particularly noteworthy, or new, in Karoline Leavitt's remarks about trade.

What we did see clearly, however, is that the White House is digging into its position and - so far - is shrugging off criticism or concern about the market reaction. It does not appear Trump, or the White House, will be backing down anytime soon.

We haven't heard from Trump directly today, but in about an hour he is due to speak at the signing of an executive order aimed at reviving the US coal industry.

He may, of course, also remark on tariffs or a few questions.

I'll be in the room for that event as well - please stay with us for more updates.

Image source, AFP

We've been listening to White House press secretary Karoline Leavitt deliver a rapid-fire 40 minute briefing. Here's what she said:

On China: Leavitt confirmed that 104% tariffs will begin at 00:01 local time (05:01 BST) on Wednesday, after China refused to withdraw its retaliatory tariffs against America. She added that Trump believes China wants to make a deal.

On negotiations: almost 70 countries have reached out to negotiate the tariffs, she told reporters. Leavitt said any deals will be focused on whether they are good for the American worker. They will have a "tailor-made" approach to each country.

On delays: there will be no delays, or extensions, against the tariffs, Leavitt said. Just before her briefing she spoke to Trump, and he said he expects the tariffs to come into effect from April 9.

On Musk and Navarro: Leavitt was asked about the public clash between trade advisor Pete Navarro and Elon Musk. She said "boys will be boys", and that it shows Trump is willing to hear from different points of view.

White House Press Secretary Karoline Leavitt has now ended her briefing.

As a reminder, we heard confirmation during the briefing that 104% tariffs on some goods imported from China will start tomorrow.

Leavitt is asked if countries that have been hit with the 10% "baseline" tariff rate could negotiate a lower levy. Leavitt responds that she will leave that to the president, but that the tariffs will go into effect on schedule.

Leavitt also claims that Democrats have hit out against US trade deficits in the past, for example against countries like China.

Leavitt is now asked which countries the White House is having serious discussions with. She again tells the room that there are almost 70 countries that are in touch and trying to negotiate.

Leavitt is asked about under what conditions Trump speak to China's President Xi Jinping about a deal.

She says Trump "believes that China wants to make a deal".

It was a "mistake" for China to retaliate, Leavitt argues, which is why they are implementing 104% tariffs against them.

If China reaches out, Trump will be "incredibly gracious", but work in America's interests, she adds.

Bernd Debusmann Jr
Reporting from the White House

Just a short while ago, Leavitt was asked about what has become a very public clash between trade adviser Pete Navarro and Elon Musk.

The Tesla and SpaceX executive referred to Navarro as a "moron" on his social media platform X earlier.

Leavitt described the pair as having "very different views on trade" and said that diverse opinions are welcome, rather than complicating messaging on tariffs.

"Boys will be boys," Leavitt said. "I think it also speaks to the President's willingness to hear from all sides," she added.