An all-out trade war starts as China hit with 104% levies, and fears of a global recession dominate the morning conversations. Wednesday’s newspaper headlines reflect the fears before the tariffs started (they’ve since come into effect).
Last week, Donald Trump announced a baseline rate of 10% tariffs on most countries, with more extreme tariffs coming into effect today for what the US president said were the ‘worst offenders’ – around 60 countries, including China, have been hit with a 104% tariff.
Wednesday’s headlines continue to be dominated by Donald Trump’s widespread tariffs amid an escalation between the world’s two biggest economies: the United States and China. Trump’s retaliatory tariffs against China’s retaliatory tariffs sees the US tariffs on Chinese goods now at a rate of 104%. China has said it won’t back down and will continue to fight ‘until the end’ – the battle between the two has raised fears of a global recession.
Elsewhere, Prince Harry is back in Britain to attend a two-day hearing over the decision to cut back his security following his move to the United States. The royal has argued that the country isn’t safe enough for him to bring his wife and children and that his security team in the US does not have access to the level of information needed to ensure his family is safe. Harry has said the UK is always his home and is central to his children’s heritage.
A Universal Studio theme park is set to be built in the UK which could bring an extra £50 billion to the economy, creating 28,000 jobs. The resort would be the first in Europe under the brand behind blockbusters such as Wicked, Harry Potter, Shrek and The Minions movie franchise – and joins six others around the world.
Last night’s football action dominates many UK headlines as English club Arsenal battered Real Madrid 3-0 in the first leg of the quarter finals. England’s Lionesses suffered a 3-2 loss to Belgium in the Women’s Nations League after winning the reverse fixture 5-0 at home only a few days earlier.
Brazil’s judiciary is currently testing its resilience as supporters of ex-President Jair Bolsonaro face off against the judiciary amid accusations of bias, similar to claims made during Lula’s previous legal tribulations.
Tensions between Israel and Turkey are escalating, with both nations exchanging strong warnings of military action over the situation in Syria. Israel’s attacks on Syrian targets are seen as a direct response to Turkish military ambitions in the region.
Cliff Notes Ukrainian President Volodymyr Zelenskyy reported the capture of two Chinese soldiers amid ongoing fighting in eastern Ukraine, indicating knowledge of more Chinese nationals…
The global financial markets are experiencing a downturn due to US tariffs imposed by President Trump, raising fears of an escalating trade war and potential global recession.
UK Health Secretary Wes Streeting has raised concerns that Donald Trump’s tariffs may soon affect the supply of medicines in the UK, amidst ongoing issues in international medicine production and distribution.
Tuesday’s newspapers are, unsurprisingly, focused on the market chaos caused by last week’s US tariffs. Several headlines look at the growing trade war between the two largest economies in the world as China retaliated with their own tariffs on the US – which led to Donald Trump telling them to back down from their tariffs or face a further 50% tariff on Wednesday. China has said it won’t back down.
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 responded to President Trump’s threat of a 50% tariff on its imports by stating it will “fight to the end” and take countermeasures to protect its interests. The Commerce Ministry condemned the U.S. actions as “completely groundless” and labelled them as unilateral bullying.
Germany’s leadership in Europe has weakened following Angela Merkel’s retirement, leaving Olaf Scholz’s government operating as a caretaker amid crises, including economic pressures and geopolitical tensions.
The UK’s economic options are severely constrained due to high borrowing and record tax levels, limiting the government’s ability to respond to the economic shock caused by Trump’s tariff announcement.
Today’s headlines – in print and online – are, of course, dominated by the ongoing fallout from Donald Trump’s Liberation Day tariffs as the PM promises to protect British business and stock markets continue to fall. There are fears of a US recession – and a global economic meltdown.
Monday’s headlines continue to report on the backlash of the US tariffs – announced last week – that’s sparked a massive stock market sell-off and fears of a looming global recession.
The prime minister has promised to “shelter British business from the storm” expected from Donald Trump’s sweeping tariffs. The government has stepped in to help the British car industry (amid 25% car tariffs) by making the rules on manufacturers going all-electric more flexible.
Elsewhere, as of next month, health workers will go door-to-door under new plans to tackle sickness rates across England.
The UK weather continues to dominate the headlines as wildfires broke out across Scotland and Northern Ireland over the weekend after temperatures soared.
In sports, there is continued coverage of the weekend’s Premier League action, including Liverpool’s unbeaten run being ended by Fulham, a drab performance between Man Utd and Man City and Southampton being relegated.
The Republican People’s Party (CHP) re-elected Ozgur Ozel as chairman, garnering an overwhelming majority of votes amid ongoing protests against President Erdogan’s government following the jailing of Istanbul Mayor Ekrem Imamoglu.
Global stock markets plummeted overnight, with Japan’s Nikkei 225 falling nearly 8% and US stock market futures indicating further declines, as fears of a trade war escalate following President Trump’s new tariffs.
White House aides expressed mixed signals about Donald Trump’s tariff policies, with some suggesting room for negotiation while others dismissed the prospect.
Sir Keir Starmer announced plans to relax electric vehicle manufacturing rules in response to US tariffs that affect carmakers, particularly Jaguar Land Rover, which will “pause” shipments to the US.
US correspondents Mark Stone and David Blevins addressed various topics, including the implications of Trump’s “Liberation Day” tariffs on American consumers.
Sir Keir Starmer has said his government stands ready to use industrial policy to “shelter British business from the storm” after Donald Trump’s new 10% tariff kicked in.
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Cliff Notes Donald Trump’s 10% baseline tariff on imports took effect, causing significant declines in global stock markets as fears of a trade war escalated.…
Cliff Notes The UK government has confirmed that the implementation of the Hillsborough Law will be delayed past the upcoming anniversary of the disaster to…