Big Tech is the key piece of the US-China trade war. And some companies are going to feel the heat far more than others.

U.S. President Donald Trump meets Japanese Prime Minister Shigeru Ishiba for the first time on Friday as two allies wary of China's rise work to boost business and security ties while an escalating trade war threatens to rupture the global economy.

Companies across the country are bleeding cash as they struggle with overcapacity and weak spending in a slumping economy, leaving them vulnerable to tariffs.

Asian equities were mixed overnight as the Philippines, Taiwan, and South Korea outperformed, Thailand underperformed, and Pakistan was closed for Kashmir Solidarity Day.

China’s tariff increases and other countermeasures were mostly symbolic and apparently designed to project strength while leaving the door open to talks.

Learn what China tariffs and potential changes with Mexican and Canadian trade could mean for your bottom line.

U.S. President Donald Trump's complaints about China's trade practices have increased the odds that a 25-year-old U.S. law that established free trade with Beijing is repealed, trade experts said, a move that could raise tariffs to 61% on average.

In the two days since President Trump enacted new tariffs on goods from China, none of the major US shipping companies and couriers have yet announced detailed policies on new fees, though some have warned of possible delays and disruption.

"We love Japan!" Trump said as he greeted Ishiba and the two shook hands. Trump later told reporters at they sat together in the Oval Office that the two countries would work together to get U.S. trade deficit with Japan down to "even.