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Cliff Notes – US tourist arrested for entering forbidden Indian island A 24-year-old American man was arrested for illegally entering…
The story that is dominating every news site – in print and online – today is, of course, the ongoing chaos facing the global stock markets following Donald Trump’s latest US tariffs.
Global stock markets experienced significant declines following President Trump‘s announcement of sweeping tariffs, including a 10% tax on imports from the UK.
Both US and European markets reported their worst one-day losses since the COVID-19 pandemic, raising concerns about a potential recession and international retaliation.
Asian markets witnessed significant declines following a drastic sell-off on Wall Street, driven by the announcement of new tariffs by the Trump administration.
More reaction from the global stock markets, world leaders and experts a day after Donald Trump announced global tariffs.
The White House has said it will impose what they call reciprocal tariffs on roughly 60 of the “worst offenders”.
The UK is amongst some countries facing a baseline tariff of 10%
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.
“They established the income tax so that citizens, rather than foreign countries, would start paying the money necessary to run our government,” Trump says.
“That’s why effective at midnight we will impose a 25% tariff on all foreign made automobiles,” Trump says.
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