#Trump's tariffs incite fury in China and dismay in Europe: Live updates

■President Donald Trump signed an aggressive and far-reaching "reciprocal tariff" policy at the White House.

■Trump said his plan will set a 10% baseline tariff across the board.

■The plan imposes steep tariff rates on many countries, including 34% on China, 20% on the European Union, 46% on Vietnam and 32% on Taiwan.

■The White House clarified to CNBC's Eamon Javers that the tariff rate on Beijing comes in addition to existing 20% tariffs on Chinese imports, meaning the true tariff rate on China is 54%.

■Stocks fell sharply after hours following Trump's announcemen.