Cliff Notes Global stock markets experienced significant declines following President Trump’s announcement of sweeping tariffs, including a 10% tax on imports from the UK. Both US and European markets reported their worst one-day losses since the COVID-19 pandemic, raising concerns about a potential recession and international retaliation. Economists warned of a "spiral of doom," suggesting that retaliatory measures could lead to further economic destabilisation. Stock markets suffer sharp drops after Donald Trump announces sweeping tariffs…
Author: WTX News Editor
Cliff Notes Lesotho faces the highest import tax from US tariffs, with a 50% levy on goods, significantly impacting its textile industry. The African Opportunity Act has previously boosted Lesotho’s exports to the US, but the country now seeks to reassess its tariff classification. Lesotho’s trade minister expresses hope for dialogue with US officials, referencing Trump’s reputation as a negotiator despite challenges in raising awareness of the nation. Tariffs latest: US Dow Jones index suffers…
Cliff Notes The UK faces potential implications from a new list of goods, including American items like jeans and whiskey, subject to reciprocal tariffs amid ongoing trade tensions. As the UK aims to avoid retaliation while negotiating tariff carveouts, the government’s stance remains strategic, with discussions still ongoing after a recent diplomatic visit to Washington. While tariffs may not directly influence local election outcomes, their economic consequences will significantly impact future fiscal decisions for UK…
Cliff Notes Two men, Marcus Laidley-Sobers and Nicky Robertson, appeared in court as part of a police investigation into a gang feud in Edinburgh, facing charges related to threatening behaviour and vehicle-related offences. Four individuals were arrested, including a 16-year-old boy charged with multiple offences, while police executed five property warrants and seized items relevant to the investigation, including a stolen Range Rover. Police Scotland is reviewing around 2,400 hours of CCTV footage and has…
Cliff Notes Russia, along with Cuba, Belarus, and North Korea, is excluded from Donald Trump’s new tariffs list, raising questions about preferential treatment for adversaries over allies. Despite a significant decrease in US-Russia trade due to the Ukraine war, the trade volume remains higher than that with Ukraine, which faced levies. Some analysts speculate that the omission may be a strategic move by Trump to use tariffs as a future negotiating tool rather than as…
Cliff Notes Senator Cory Booker delivered the longest speech in US Senate history, lasting 25 hours and four minutes, to protest against the Trump administration’s actions. The speech aimed to highlight the negative impact of Trump’s policies on American citizens, while also surpassing the previous record held by Strom Thurmond. Booker’s performance was a broader critique of Trump rather than a specific filibuster against legislation, reflecting the Democrats’ need for alternative means to oppose the…
Cliff Notes The US announced tariffs ranging from 10% to 50% targeting several nations and territories, including uninhabited islands like the Heard and McDonald Islands, home only to penguins and seals. The tariffs imposed confusion among residents of the Australian Norfolk Island, which faces a 29% tariff despite minimal exports to the US. Trump’s public remarks included bizarre statements about US beef and a nuanced stance on the use of plastic eggs for Easter celebrations.…
More reaction from the global stock markets, world leaders and experts a day after Donald Trump announced global tariffs.
Trump slaps broad tariffs on imports Trump slaps broad tariffs on imports: U.S. President Donald Trump announced Wednesday his long-awaited plan to impose what he’s calling “retaliatory” tariffs on imports coming from dozens of countries — but the White House said there will be no more across-the-board levies applied to Canada than what has previously been announced. Musk backlash stings Tesla: Tesla sales declined 13% in the first three months of the year, another sign that Elon Musk’s…
Trump puts 10% tariffs on all nations Trump Imposes 10% Tariffs on All Nations: Former President Donald Trump announces sweeping tariffs on all imports, with higher rates on key trading partners like China (34%), the EU (20%), and Vietnam (24%). He calls it “Liberation Day” for the U.S. economy. Democrats See Hope in Special Elections: Democratic wins in the Wisconsin Supreme Court race and closer-than-expected results in Florida’s congressional elections suggest weakening Republican margins, posing…
World war fee Trump Imposes Major Tariffs on Imports: Former President Donald Trump announces sweeping tariffs on nearly all imported goods, including a baseline 10% tariff and much higher rates for certain countries (e.g., 34% on China, 20% on the EU, and 67% on Vietnam). Here’s a quick summary of the key story on the front page of the New York Post (April 3, 2025):
Trump proudly touts sweeping tariffs Trump Announces Sweeping Tariffs: Former President Donald Trump unveils new global tariffs, raising U.S. import taxes to the highest level since WWII, sparking fears of a trade war. San Quentin Death Row Inmate’s Book Fair Collection: A death row inmate at San Quentin, Albert Jones, documents his life and sells journals and personal items at a prestigious book fair. Sierra Nevada Snowpack Breaks Records: The near-average snowpack marks the third…
Donald Trump has moved “Liberation Day” to 2 April to avoid association with April Fool’s Day, prompting global governments to prepare for impending tariff announcements.
Trump’s new tariffs, including a 10 percent levy on all countries, caused Apple’s stock to drop over six percent. The company depends on manufacturing in places like China and Taiwan.
The White House has said it will impose what they call reciprocal tariffs on roughly 60 of the “worst offenders”.
Emma Raducanu has withdrawn from Great Britain’s Billie Jean King Cup squad to prioritise her physical health after a busy tournament schedule.
The UK is amongst some countries facing a baseline tariff of 10%
Hungary has announced its decision to withdraw from the International Criminal Court (ICC), marking a significant shift in its international legal commitments.
Donald Trump has implemented a 10% baseline tariff on all imports, with many trading partners facing significantly higher rates, prompting widespread global concern and backlash.