Browsing: USA politics

Friday’s UK headlines are similar to headlines from around the world: the fallout from Donald Trump’s tariffs after “trillions” have been wiped off the global stock markets. 

On Wednesday, Trump announced a baseline tariff on almost every country in the world of at least 10% – whilst some countries face much higher levies, with the EU being hit with 20%. 

Since the announcement, global markets have experienced significant declines, with both the US and European markets reporting their worst one-day losses since the COVID-19 pandemic and raising concerns about a potential recession and international retaliation. Economists are warning of a ‘spiral of doom’, suggesting that retaliatory measures could lead to further economic destabilisation. 

Elsewhere, a probe into the bitter dispute surrounding Prince Harry’s charity Sentebale. The Charity Commission said it had opened a case to examine “concerns raised” about Sentebale, following claims made by its head, Sophie Chandauka. Prince Harry has said he hopes the watchdog will “unveil the truth”.

US President Donald Trump has dismissed at least six National Security Council officials, including David Feith and Brian Walsh, following a meeting with far-right activist Laura Loomer.

Russia, along with Cuba, Belarus, and North Korea, is excluded from Donald Trump’s new tariffs list, raising questions about preferential treatment for adversaries over allies.

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%

Donald Trump has implemented a 10% baseline tariff on all imports, with many trading partners facing significantly higher rates, prompting widespread global concern and backlash.

Trump announces fresh wave of US tariffs – Almost all of Thursday’s headlines are dissecting the tariffs announced by the US president yesterday. The UK was hit with a baseline 10% tariff, whilst the EU (who are preparing to retaliate) were hit with a 20% levy – some countries fared even worse with fees as high as 40%.

The UK newspapers generally express relief that the tariffs were not as bad for the UK as expected, with right-leaning media highlighting Brexit’s role in saving Britain from the 20% levy for the EU. The tariffs are set to come into effect on Saturday, with some headlines reporting there is still wiggle room for a deal to be carved out between the UK and US before the tax comes into effect.

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.

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.