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. 

A baby girl named Amy Isabel was born in the UK as the first child resulting from a womb transplant, performed on her mother, Grace Davidson, in 2023.

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.

Two gang members, Valeriy Popovych and Vitaliy Lutsak, were sentenced to 6.5 years each for laundering £6.63 million by buying and selling vehicles in Ukraine, exploiting demand created by the war.

Peter Brooks has been convicted of attempted murder after stabbing fellow plastic surgeon Graeme Perks following a botched arson attempt on Perks’ home.

Cliff Notes A two-phase statutory public inquiry has been initiated into the Southport murders, focusing…