The US stock market drops sharply in early trading after Donald Trump announced a raft of tariffs last night
As big brands – such as Nike, Apple and Amazon – lose value in early trading, the White House tells Wall Street to “trust in President Trump”
Trump announced 10% tariffs on most countries – including the UK – from Saturday, with higher duties on some of America’s biggest trading partners from 9 April
In response, the UK has drawn up a 400-page list of US products it could hit with tariffs in what our chief political correspondent Henry Zeffman says is a toughening up of Starmer’s stance
EU chief Ursula von der Leyen calls Trump’s tariffs a “major blow to the world economy” – while China, which faces a 54% rate, promises countermeasures
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