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”.

The last operational blast furnaces in Britain face imminent closure as Jingye, the owner of British Steel, has halted future orders of essential materials required for production.

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.

Two men, Marcus Laidley-Sobers and Nicky Robertson, appeared in court as part of a police investigation into a gang feud in Edinburgh, facing charges related to threatening behaviour and vehicle-related offences.

Senator Cory Booker delivered the longest speech in US Senate history, lasting 25 hours and four minutes, to protest against the Trump administration’s actions.

England head coach Sarina Wiegman expressed enthusiasm for the UK’s potential hosting of the 2035 Women’s World Cup, highlighting its ability to further elevate women’s football.