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US economy unexpectedly contracts in first three months of Trump presidency
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Bilbao will give 'soul' to beat Man United: Nico Williams
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Sweden arrests teen after triple killing
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Pakistan says India planning strike after deadly Kashmir attack
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Cardinals lay groundwork for conclave, hope for quick vote
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More automakers drop earnings guidance over tariffs
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William and Kate release romantic image on low-key anniversary
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Israel says strikes Syria to shield Druze as clashes spread
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Champions Cup format 'not perfect' says EPCR boss
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Iran hangs man as Israeli spy after 'unfair' trial: activists
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Stock markets mostly rise ahead of US economic data, tech earnings
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German growth better than expected but tariff turmoil looms
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Sinner denies beneficial treatment in doping scandal ahead of Rome return
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Eurozone economy grows more than expected despite US tariff turmoil
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Toulouse hooker Mauvaka out of Champions Cup semi
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Germany's next finance minister, 'bridge-builder' Lars Klingbeil
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Mehidy century puts Bangladesh in command against Zimbabwe
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Steelmaker ArcelorMittal warns of uncertainty
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Vietnam's Gen-Z captivated by 50-year-old military victory
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Moroccan-based cardinal says Church does not need Francis 'impersonator'
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US official tells UN top court 'serious concerns' over UNRWA impartiality
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Jeep owner Stellantis suspends outlook over tariffs
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New Zealand, Phillippines sign troops deal in 'deteriorating' strategic environment
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Aston Martin limits US car imports due to tariffs
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Pakistan says India planning strike as tensions soar over Kashmir
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Australian triple-murder suspect allegedly cooked 'special' mushroom meal
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Most stock markets rise despite China data, eyes on US reports
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TotalEnergies profits drop as prices slide
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Volkswagen says tariffs will dampen business as profit plunges
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Jeep owner Stellantis suspends 2025 earnings forecast over tariffs
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China's Shenzhou-19 astronauts return to Earth
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French economy returns to thin growth in first quarter
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Ex-Premier League star Li Tie loses appeal in 20-year bribery sentence
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Belgium's green light for red light workers
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Haliburton leads comeback as Pacers advance, Celtics clinch
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Rahm out to break 2025 win drought ahead of US PGA Championship
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Japan tariff envoy departs for round two of US talks
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Djurgarden eyeing Chelsea upset in historic Conference League semi-final
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Haliburton leads comeback as Pacers advance, Pistons stay alive
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Bunker-cafe on Korean border paints image of peace
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Tunics & turbans: Afghan students don Taliban-imposed uniforms
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Asian markets struggle as trade war hits China factory activity
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Norwegian success story: Bodo/Glimt's historic run to a European semi-final
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Spurs attempt to grasp Europa League lifeline to save dismal season
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Thawing permafrost dots Siberia with rash of mounds
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S. Korea prosecutors raid ex-president's house over shaman probe: Yonhap
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Filipino cardinal, the 'Asian Francis', is papal contender
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Samsung Electronics posts 22% jump in Q1 net profit
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Pietro Parolin, career diplomat leading race to be pope
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Nuclear submarine deal lurks below surface of Australian election
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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