Meta, which owns Facebook, Instagram and WhatsApp, would not seem to be in the line of fire from tariffs. But President Trump’s trade actions are hitting even social networking businesses.

Holding a large chart, Trump ran down a list of reciprocal tariffs targeting dozens of countries. China was hit hard, facing a new 34% tariff on top of existing 20% rates. "For decades, our country has been looted,

Leaders around the world have responded to U.S. President Donald Trump’s shocking new tariffs that threaten to upend the global economy with stern words and denunciations. But Chinese state media have offered a different approach.