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All-out trade war starts as China hit with 104% levies

News Briefing

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.

Tariff war escalates as 104% tariff to start – Prince Harry home for court case – Arsenal batter Real Madrid – Lionesses lose in Belgium

Arsenal FC

Wednesday’s headlines continue to be dominated by Donald Trump’s widespread tariffs amid an escalation between the world’s two biggest economies: the United States and China. Trump’s retaliatory tariffs against China’s retaliatory tariffs sees the US tariffs on Chinese goods now at a rate of 104%. China has said it won’t back down and will continue to fight ‘until the end’ – the battle between the two has raised fears of a global recession.

Elsewhere, Prince Harry is back in Britain to attend a two-day hearing over the decision to cut back his security following his move to the United States. The royal has argued that the country isn’t safe enough for him to bring his wife and children and that his security team in the US does not have access to the level of information needed to ensure his family is safe. Harry has said the UK is always his home and is central to his children’s heritage.

A Universal Studio theme park is set to be built in the UK which could bring an extra £50 billion to the economy, creating 28,000 jobs. The resort would be the first in Europe under the brand behind blockbusters such as Wicked, Harry Potter, Shrek and The Minions movie franchise – and joins six others around the world.

Last night’s football action dominates many UK headlines as English club Arsenal battered Real Madrid 3-0 in the first leg of the quarter finals. England’s Lionesses suffered a 3-2 loss to Belgium in the Women’s Nations League after winning the reverse fixture 5-0 at home only a few days earlier.