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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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.
The UK faces potential implications from a new list of goods, including American items like jeans and whiskey, subject to reciprocal tariffs amid ongoing trade tensions.
Russia, along with Cuba, Belarus, and North Korea, is excluded from Donald Trump’s new tariffs list, raising questions about preferential treatment for adversaries over allies.
The US announced tariffs ranging from 10% to 50% targeting several nations and territories, including uninhabited islands like the Heard and McDonald Islands, home only to penguins and seals.
Donald Trump has moved “Liberation Day” to 2 April to avoid association with April Fool’s Day, prompting global governments to prepare for impending tariff announcements.
Donald Trump has implemented a 10% baseline tariff on all imports, with many trading partners facing significantly higher rates, prompting widespread global concern and backlash.