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.
The White House has expressed support for Defence Secretary Pete Hegseth amid reports that he shared sensitive military details in a second Signal messaging chat with family members, following a prior incident where information was shared with senior Trump administration officials.
The Mexican government has condemned a US advertisement warning against undocumented migration, asserting it contains a “discriminatory message” that undermines human dignity and could incite violence against migrants.
President Trump stated that the administration cannot provide trials for all deportees, claiming it would take “200 years” to do so.
Sir Keir Starmer reiterated the UK’s support for Ukraine during a phone call with President Volodymyr Zelenskyy, emphasising the need for a full ceasefire from Russia to end the ongoing conflict.
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Marco Rubio’s statements reflect increasing frustration in Washington over stalled peace negotiations in the Ukraine conflict.
Two British tourists were confirmed dead in a cable car accident near Naples, which resulted in a total of four fatalities after the cable snapped.
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A meeting in Paris between US, French, and Ukrainian officials signals a potential reinsertion of sidelined European leaders into negotiations to end the Ukraine war.
Emmanuel Macron is set to engage in discussions with American officials regarding Ukraine, amidst concerns over perceived leniency toward Russia during previous administrations.
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.
US Students fear Trump crackdown following Harvard University stance against the Trump administration.
A US federal judge has warned that the Trump administration may face criminal contempt charges for not complying with his order to return deported individuals to the US, highlighting escalating tensions between the executive and judicial branches.
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.
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