Browsing: Politics

As of 22 April 2025, U.S. stock markets remain volatile following the April 2nd crash, which wiped over $3 trillion in value after President Trump’s sweeping tariffs—up to 125% on Chinese imports—sparked global trade tensions. 

The trade war with China continues to escalate, with the U.S. imposing steep port fees on Chinese-built vessels and restricting AI chip exports, prompting retaliatory tariffs from Beijing. China has also warned it will retaliate against countries that negotiate trade deals with the US “at the expense of China’s interests”, fuelling global tensions as the world’s two economic superpowers face off over tariffs.

These developments have contributed US dollar weakening with the Dollar Index hitting a three-year low amid investor concerns over Federal Reserve independence and economic outlook.

Thursday’s headlines are dominated by the landmark ruling from the UK Supreme Court that unanimously ruled that a woman is defined by biological sex. The ruling will now see huge changes to public and private sector gender guidance.

Elsewhere, there are ongoing discussions about a potential UK-US trade deal, with the latest reports suggesting that a deal could be sorted out within a few weeks.

The sports headlines report on Arsenal advancing to the semifinals of the Champions League after beating Real Madrid 2-1 (5-1 on agg). The Spanish headlines react with heartbreak after the match, whilst also reporting that star player Mbappe went off with an injury, ahead of the Copa del Rey final.

Vice President JD Vance’s comments that a UK-US trade deal is on the table and both countries are working hard to secure a deal makes several newspaper headlines, as does the latest from the US tariffs amid claims that new tariffs (on pharmaceuticals and big tech) are to come into effect ‘soon.’

The business newspapers are focused on the tariffs and the effects on businesses and the stock markets.