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Belgian region grapples with forever chemical scandal
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New-look Australia focused on LA 2028 at swimming worlds
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China urges global consensus on balancing AI development, security
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David's century sparks Aussies to T20I clincher over WIndies
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Death toll rises in Thai-Cambodian clashes despite ceasefire call
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China prodigy takes on swimming world aged 12
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UN gathering eyes solution to deadlocked Palestinian question
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Polls open in Taiwan's high-stakes recall election
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'Alien' lands at Comic-Con
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Top footballers afraid to speak out against playing too many games: FIFPro chief
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Top US Justice official questions Epstein accomplice for 2nd day
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Cambodia calls for ceasefire with Thailand: envoy to UN
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Raducanu and Fernandez beat the heat to reach DC Open semis
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US stocks end at records as markets eye tariff deadline
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Trump, EU chief to meet Sunday in push for trade deal
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Fake AI photos of Trump with Epstein flood internet
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Ponting says 'no reason' why Root cannot top Tendulkar's run record
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NFL players, employees fined for selling Super Bowl tickets: reports
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World's smallest snake makes big comeback
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Trade on agenda as Trump lands in Scotland for diplomacy and golf
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UN chief blasts 'lack of compassion' for Palestinians in Gaza
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Trump administration expected to say greenhouse gases aren't harmful
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Hamilton suffers unprecedented spinning knockout in Belgian GP sprint qualifying
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European powers urge end to Gaza 'humanitarian catastrophe'
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Messi, Alba suspended over MLS All-Star no-show: league
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RB's Permane returns as team boss at Belgian GP two years after sacking
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Trump says '50/50 chance' of US-EU trade deal
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Top US Justice official meets with Epstein accomplice for 2nd day
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Mekies makes retaining Verstappen his Red Bull priority
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Pogacar exits Alps with Tour stranglehold as Arensman edges white-knuckle win
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Piastri takes pole for Belgian GP sprint race ahead of Verstappen
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UK, France, Germany say Gaza 'humanitarian catastrophe must end now'
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Stock markets mark time as Trump puts EU-US trade deal at 50/50
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Pogacar exits Alps with Tour stranglehold as Arensman takes stage
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France defends move to recognise Palestinian state
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Trade on agenda as Trump heads to Scotland for diplomacy and golf
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France's top court annuls arrest warrant against Syria's Assad
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How might Trump's tariffs hurt Brazil?
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Rubiales forced kiss could drive Spain on in Euro 2025 final: England's Toone
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Trump says Hamas 'didn't want' Gaza deal as talks break down
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Tour de France prankster gets eight-month suspended term for crossing finish line
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Root climbs to second on all-time Test list as England dominate India
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Stock markets stall as Trump puts EU-US trade deal at 50/50
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UK starts online checks to stop children accessing harmful content
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Root up to third on all-time Test list as England dominate India
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Piastri outpaces Verstappen in opening practice at Belgian GP
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Cambodian evacuees sheltering in temple pray for end to Thai clashes
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French car dealer charged over Takata air bag injury
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Iran meets European powers amid threats of UN sanctions snapback
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Meta to ban political ads in EU due to bloc's 'unworkable' rules
RBGPF | -1.52% | 73.88 | $ | |
RELX | -1.86% | 52.73 | $ | |
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GSK | -0.68% | 37.97 | $ | |
CMSC | 0.24% | 22.485 | $ | |
RIO | -1.16% | 63.1 | $ | |
AZN | -1.4% | 72.66 | $ | |
SCU | 0% | 12.72 | $ | |
RYCEF | -0.3% | 13.2 | $ | |
CMSD | 0.17% | 22.89 | $ | |
BTI | -0.71% | 52.25 | $ | |
BCC | 1.94% | 88.14 | $ | |
BCE | -0.95% | 24.2 | $ | |
JRI | -0.46% | 13.09 | $ | |
BP | 0.22% | 32.2 | $ |
Trump’s Tariffs Spark Global Fear
Donald Trump’s announcement on 2 April of sweeping tariffs—10 per cent on all imports, 20 per cent on the European Union, and 34 per cent on China—has sent shockwaves through global markets, igniting fears of a new Great Recession. Described by Trump as an “economic liberation” during a White House address, the policy aims to slash the US trade deficit, which stood at $773 billion in 2024. Yet, the fallout has been immediate and severe: Wall Street plummeted 5.97 per cent on 4 April, losing $6 trillion in two days, its worst drop since the pandemic, while the FTSE 100 fell 2.5 per cent.
China retaliated with matching 34 per cent tariffs on US goods, and the EU, led by France and Germany, is poised to target American tech giants in response. The International Monetary Fund has warned of a “major risk” to global growth, with JP Morgan raising the odds of a US recession in 2025 to 60 per cent. Oil prices dropped 10 per cent in a week, and copper fell 6 per cent, reflecting widespread panic over a looming downturn. In the UK, the Treasury fears a £5 billion hit to exports to the US, a critical market. Trump remains defiant, insisting on Truth Social that “America will thrive,” but economists question whether his gamble will save the US or plunge the world into crisis.

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