Trading has just restarted in Europe and all the main stock markets are showing a slight rebound from the previous falls.

Tuesday’s headlines continue to be dominated by the ongoing chaos caused by Donald Trump’s tariffs, especially since the US president announced that if China doesn’t retract its retaliatory tariffs, the US will impose a further 50% tariff on China – on top of the initial tariff slapped on the country. China has hinted that if Trump goes ahead with more tariffs on China, it will respond with even more tariffs, and it won’t back down. 

Much of the coverage looks at the global stock markets and their reaction. Almost $6 trillion has been wiped off the markets since the tariffs were announced last week. On Monday, the FTSE, Wall Street and the Asia-Pacific suffered heavy losses, with the S&P 500 set to enter a bear market after a 20% fall since December. The chaos has economists predicting a global recession. 

The UK stock markets are predicted to open about 2% higher today after a more positive performance from Asian markets. European and UK shares are expected to see a rebound when trading starts at 08:00 BST this morning. 

Elsewhere, a British woman gave birth to a healthy baby girl after having a womb transplant – a first for UK medicine that could benefit thousands of others.

The King and Queen have arrived in Italy for a state visit where they will meet with the Italian president and prime minister, and Charles will deliver a speech to both houses of Italy’s parliament. Prince Harry is also back in the headlines as the royal returns to Britain for a two-day court case regarding his security. 

China has warned of potential “countermeasures” in response to Donald Trump’s proposed 50% tariff on Chinese imports, describing US actions as unilateral bullying and illegitimate.

A week in crisis, Pyongyang opens up global marathon runners and this week spells the end of Scotland’s heatwave. This weeks World News Briefing is dominated by the fallout from Trump’s Tariff gamble. The US tariffs and trade wars launched by the Trump administration have signaled the end of globalisation.

It is hard to focus on anything else, but let’s not forget the events from the weekend, where Israel executed and buried Palestinian doctors and medics in a mass grave, which was exposed as a ‘mistake’ by the many but significantly by the BBC as well.

There is a certain level of optimism by the Starmer government, they were hit by the least amount of tariffs, especially compared to the EU, perhaps, that invite from the King may have done trick. But this may have more to do with teh fact the UK quietly and efficiently signed a mineral deal with Ukraine in January 2025.