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You don’t have to be a business major to be interested in the stock markets, and unless you’ve been living under a rock these last few days, it’d be almost impossible for you not to have heard about a stock market crash.

Since Donald Trump announced his ‘Liberation Day’ tariffs you would have heard a lot about the stock markets, them crashing and fears of a global recession.

Here’s a simple guide to the stock markets and what they mean.

Football dominates the UK news cycle this morning, as Arsenal beat Real Madrid 3-0 in the first leg of the quarter-finals of the Champions League. 

Two stunning free kick goals from Declan Rice and a third sensational goal from Mikel Merino stunned Real Madrid. The North London club will head to the Bernabeu next Wednesday (16 April) for the reverse fixture where Madrid will need to overturn a 3-0 deficit to be in with a chance of dancing to the semi-finals. 

Prince Harry back in Britain for two-day court case as the sixth in line to the throne argues he cannot return home – or bring his wife and children to the UK until they have been granted better security. 

The tabloids don’t have much sympathy for Harry’s cause, instead highlighting the fact his father flew out to Italy without seeing him, noting the strained relationship Harry has with his family – or trashing his wife’s latest business venture, a new podcast. 

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.