Reports indicate that President Trump has informed his inner circle of Elon Musk’s anticipated reduced involvement in government, conflicting with Musk’s ongoing role leading efforts to cut US government spending.

Donald Trump has hinted at the possibility of seeking a third presidential term, despite the constitutional barrier of the 22nd Amendment, which limits presidents to two terms.

The European Union’s first summit with Central Asian states aims to reduce reliance on China for critical minerals essential for both defence and green technologies.

Trump is now holding up a large chart showing a table titled “Reciprocal Tariffs”, which compares tariffs imposed by other countries on the US versus Washington’s own levies.

The world’s major economies vow retaliation against US tariffs set to be introduced today (21:00 BST).

A look at the market jitters ahead of the new round of US tariffs – with US media speculating it is set to be a blanket 20% tariff on all non-American goods.