Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty. Trump is no stranger to tariffs.

President Donald Trump said he would not consider lowering the United States' 145% tariffs on China in order to spur trade-war negotiations with Beijing. Trump flatly answered "no" when asked at the White House if he was open to pulling back on the steep import duties in order to get China to the negotiating table.

President Donald Trump, speaking in the Oval Office on Wednesday, said he was not willing to pull back tariffs on China. The president also said a news of a new ceasefire and hostage deal proposal for Israel and Hamas could come in the "next 24 hours."