President Donald Trump on Friday reinstated a tariff loophole for small-value packages from China that was eliminated as part of the sweeping tariffs Chinese imports that went into effect after midnight on Tuesday,

President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries next week, a major escalation of his trade war. Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve U.

President Donald Trump's tariffs against China have gone into effect. China has retaliated with tariffs against U.S. oil. Tariffs against Mexico and Canada have paused as negotiations continue.

During the Friday meeting, the president plans to cover a range of issues in his meeting with the Japanese prime minister, including Japanese investment in the U.S. economy, and improving cyber security.

President Donald Trump plans to welcome Japanese Prime Minister Shigeru Ishiba to the White House on Friday for a visit that will include a joint news conference. The agenda for their meeting is expected to include trade and the economic and security threats posed by China and North Korea.