Friday’s UK headlines are similar to headlines from around the world: the fallout from Donald Trump’s tariffs after “trillions” have been wiped off the global stock markets. 

On Wednesday, Trump announced a baseline tariff on almost every country in the world of at least 10% – whilst some countries face much higher levies, with the EU being hit with 20%. 

Since the announcement, global markets have experienced significant declines, with both the US and European markets reporting their worst one-day losses since the COVID-19 pandemic and raising concerns about a potential recession and international retaliation. Economists are warning of a ‘spiral of doom’, suggesting that retaliatory measures could lead to further economic destabilisation. 

Elsewhere, a probe into the bitter dispute surrounding Prince Harry’s charity Sentebale. The Charity Commission said it had opened a case to examine “concerns raised” about Sentebale, following claims made by its head, Sophie Chandauka. Prince Harry has said he hopes the watchdog will “unveil the truth”.

US President Donald Trump has dismissed at least six National Security Council officials, including David Feith and Brian Walsh, following a meeting with far-right activist Laura Loomer.

South Korea’s constitutional court upheld the impeachment of President Yoon Suk Yeol, who was dismissed for violating his duties as commander-in-chief by declaring martial law and mobilising troops.

Danish Prime Minister Mette Frederiksen has unequivocally rejected President Trump’s calls for the US to take control of Greenland, emphasising that the matter impacts the global order established over generations.

South Korea’s Constitutional Court has upheld the impeachment of Yoon Suk Yeol, determining that his declaration of martial law breached constitutional protocols and impeded judicial independence.

Global stock markets experienced significant declines following President Trump’s announcement of sweeping tariffs, including a 10% tax on imports from the UK.