More reaction from the global stock markets, world leaders and experts a day after Donald Trump announced global tariffs.
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.
Trump announces fresh wave of US tariffs – Almost all of Thursday’s headlines are dissecting the tariffs announced by the US president yesterday. The UK was hit with a baseline 10% tariff, whilst the EU (who are preparing to retaliate) were hit with a 20% levy – some countries fared even worse with fees as high as 40%.
The UK newspapers generally express relief that the tariffs were not as bad for the UK as expected, with right-leaning media highlighting Brexit’s role in saving Britain from the 20% levy for the EU. The tariffs are set to come into effect on Saturday, with some headlines reporting there is still wiggle room for a deal to be carved out between the UK and US before the tax comes into effect.
Reports indicate that President Trump has informed his inner circle of Elon Musk’s anticipated reduced involvement in government, conflicting with Musk’s ongoing role leading efforts to cut US government spending.
Donald Trump has hinted at the possibility of seeking a third presidential term, despite the constitutional barrier of the 22nd Amendment, which limits presidents to two terms.
Crypto
Bitcoin soared to an all-time high, briefly surpassing $106,000, fueled by optimism over Donald Trump’s pro-cryptocurrency stance ahead of his return to the White House. The cryptocurrency has gained more than 50% since Trump’s election victory on November 5.
Technology
Trump broke law by promoting Tesla stock but experts suggest not to expect a crackdown and DOnald Trump is a law onto himself.
Humanoid machine performs real-world task in significant development in robot revolution
The humanoid robot Apollo, developed by Apptronik, has autonomously assembled an engine part in a real-world demonstration, marking a significant advancement in human-like robotics.
Blue Ghost spacecraft, operated by Firefly Aerospace, captured images of a solar eclipse from the lunar surface for the first time in history.
AI Should Replace Some Work of Civil Servants Under New Rules Under…
Space & Science
Astronauts Butch Wilmore and Suni Williams splashed down off the coast of Florida after being stranded at the ISS for over nine months due to delays with Boeing’s Starliner spacecraft.
Travel
Pizza and New York have become synonymous with each other ever since the arrival of Italian immigrants in the early 20th century.