China on Monday accused the U.S. of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies, including Tesla, to "take concrete actions" to resolve the issue.

Putting "America First" over international rules harms the stability of global production and the supply chain and seriously impacts the world's economic recovery, Ministry of Foreign Affairs spokesperson Lin Jian told reporters.

Iran 's rial currency traded Saturday at a record low against the U.S. dollar as the country returned to work after a long holiday, costing over 1 million rials for a single greenback as tensions between Tehran and Washington likely will push it even lower.

The exchange rate had plunged to over 1 million rials during the Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the streets, creating additional pressure on the market. But as traders resumed work Saturday, the rate fell even further to 1,043,000 to the dollar, signaling the new low appeared here to stay.

Middle East stock markets tumbled Monday as they struggled with the dual hit of the United States' new tariff policy and a sharp decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies and government spending.

Benchmark Brent crude is down by nearly 15% over the last five days of trading, with a barrel of oil costing just over $63. That's down nearly 30% from a year ago, when a barrel cost over $90.

Countries and industries were scrambling Friday to respond as President Donald Trump's latest tariffs hikes upend global trade and world markets.

China responded to the 34% tariffs imposed by the U.S. on imports from China by announcing it will impose a 34% tariff on imports of all U.S. products beginning April 10.

President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, "I think it's going very well."

"The markets are going to boom, the stock is going to boom, the country is going to boom," he said when asked about the market as he left the White House to fly to one of his Florida golf clubs.

Lebanon's new central bank governor vowed Friday that the institution will fight money laundering and the financing of "terrorism" and will work independently away from political intervention.

Karim Souaid, who was speaking after officially taking office in Beirut, added that he will work on restructuring the banking sector and public debt and returning money to depositors.

An obscure but consequential bookkeeping matter has become the latest flashpoint in Congress as Republicans labor to enact President Donald Trump's sprawling tax cut agenda.

Senate Republicans are looking to change how extending many of Trump's 2017 tax cuts would be scored when it comes to future federal deficits. The Congressional Budget Office has projected that extending the cuts would increase deficits by nearly $4 trillion over the coming decade.

World leaders are reacting with dismay, threats of countermeasures and calls for swift negotiations to make trade rules fairer in response to the sweeping new tariffs announced by U.S. President Donald Trump. But initial moves have been measured, suggesting key trading partners hope to avoid outright trade wars with the world's biggest economy.

Asian markets fell in Thursday trading and U.S. futures tumbled, setting up what could be a brutal trading day in the U.S. as investors brace for the economic shocks.

After weeks of White House hype and public anxiety, President Donald Trump is set Wednesday to announce a barrage of self-described reciprocal tariffs on friend and foe alike.

The new tariffs, coming on what Trump has called "Liberation Day," are a bid to boost U.S. manufacturing and punish other countries for what he has said are years of unfair trade practices. But by most economists' assessments, the risky move threatens to plunge the economy into a downturn and mangle decades-old alliances.

Protests that erupted across Turkey following the arrest of Istanbul's opposition mayor — the main challenger to President Recep Tayyip Erdogan — took a new direction Wednesday with calls for a one-day shopping boycott.

The student groups behind the call also urged businesses to close Wednesday.