Browsing: World News

The White House has said it will impose what they call reciprocal tariffs on roughly 60 of the “worst offenders”.

Stock markets in London, Paris, and Berlin fell on Thursday following U.S. President Donald Trump’s announcement of sweeping tariffs. The UK has been hit with a baseline 10% while the EU has been hit with 20%.

Hungary has announced its decision to withdraw from the International Criminal Court (ICC), marking a significant shift in its international legal commitments.

Thursday’s headlines are, of course, dominated by yesterday’s news that the US will introduce a baseline 10% tariff on the world, including the UK and other countries, and are facing far higher tariffs, including the EU being hit with a 20% levy. 

The headlines are in general agreement that the UK being hit with the baseline tariff is far less severe than what was expected, and there could be some wiggle room as the tariffs don’t come into effect on Saturday.

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.

“That’s why effective at midnight we will impose a 25% tariff on all foreign made automobiles,” Trump says.

Donald Trump indicated that Elon Musk would leave his government position as a special employee by the end of May, although it remains uncertain if this will occur as scheduled.

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.