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Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

04/04/2025 09:43 The Guardian

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

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US’s Rubio shrugs off market falls at Nato press conference – Europe live

US secretary of state says ‘markets will adjust’ during press conference following Nato summit in BrusselsAsked further about Ukraine, Rutte lists a number of projects by Nato member states, including Poland, Denmark, and the Czech Republic.He says that “the shortest answer” to question on s...

04/04/2025 12:30 The Guardian
Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalates as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed...

04/04/2025 12:24 The Guardian
US ports to use Covid-like tests to identify illegally trafficked seafood species

Devices similar to those used during pandemic to be deployed to help stamp out trade in threatened fishLast year, a colleague of Diego Cardeñosa sent the international shark trade researcher a few pieces of shark fin taken from a bowl of soup in New York City. Using a PCR test similar to those used...

04/04/2025 12:00 The Guardian
UK set for warmest day yet this year as firefighters warn of more wildfires

Temperature could hit 24C in central England on Friday with ‘very high to extreme’ risk of wildfires across BritainThe UK could experience its warmest day of the year so far, with temperatures higher than European holiday hotspots.The Met Office said much of the country would be dry and sunny on...

04/04/2025 10:39 The Guardian
First Thing: Markets plunge as IMF says Trump trade war poses ‘significant risk’ to global economy

London’s stock market opened at its lowest level since January, while France suggests pause on investing in the US. Plus, what now for TikTok?Good morning.Donald Trump’s barrage of tariff announcements has wiped trillions of dollars off the value of the world’s largest companies and supercharg...

04/04/2025 10:08 The Guardian
David Lammy says Trump has taken US economic policy back 100 years with ‘return to protectionism’ – UK politics live

David Lammy, foreign secretary, says UK is ‘a nation that believes in open trade’ and says government is negotiating with US over economic agreementThe official plan to increase access to NHS dental services in England has been a “complete failure”, and some of the government’s initiatives...

04/04/2025 08:57 The Guardian
IMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slide

Fund boss Kristalina Georgieva says it is important that US and trading partners avoid escalating trade warBusiness live – latest updatesThe International Monetary Fund has warned that Donald Trump’s implementation of swingeing tariffs poses a “significant risk” to the global economy, as sto...

04/04/2025 07:51 The Guardian
Plan to increase access to NHS dentists in England ‘a complete failure’, MPs say

Damning report by public accounts committee finds some of Tory government’s initiatives have worsened the crisisThe official plan to increase access to NHS dental services in England has been a “complete failure”, and some of the government’s initiatives have worsened the crisis, a damning r...

04/04/2025 06:00 The Guardian
Rare wall paintings found in Cumbria show tastes of well-off Tudors

Artwork thought to date from reign of Elizabeth I reveals how those with disposable incomes decorated their homesRare and fantastical 16th-century wall paintings which shine light on the interior design tastes of well-off Tudors have been revealed in a former hunting lodge.Historic England said the...

04/04/2025 05:00 The Guardian
Queensland police to have power to issue on-the-spot domestic violence protection orders

Domestic and family violence experts warn measure risks victims being wrongly labelled as perpetrators by policeElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastThe Queensland government says it will allow police officers...

04/04/2025 04:08 The Guardian
Trump reportedly threatening to freeze $510m in grants from Brown University

University says it has not yet been notified, but school was among dozens warned of academic crackdownThe Trump administration is taking aim at Brown University with threats to freeze $510m in grants, widening its promise to withhold federal funding from schools it accuses of allowing antisemitism o...

04/04/2025 01:42 The Guardian
Senators unveil bill to claw back power over tariffs amid Trump trade wars

Trade Review Act would require greater checks on tariffs in further sign of congressional disquiet over president’s plansSenior senators introduced new bipartisan legislation on Thursday seeking to claw back some of Congress’s power over tariffs after Donald Trump unveiled sweeping new import ta...

03/04/2025 20:22 The Guardian
Pentagon watchdog to investigate Pete Hegseth over Signal war-planning chat leak

Defense chief and others discussed US military operations on messaging app that included journalistThe inspector general of the Department of Defense (DOD) is launching an investigation into Pentagon secretary Pete Hegseth’s use of the encrypted messaging app Signal to discuss sensitive informatio...

03/04/2025 20:06 The Guardian
At least 27 killed in Israeli bombing of shelter in Gaza City, rescuers say

Hundreds of thousands of Palestinians flee from southern city of Rafah in one of war’s biggest mass displacementsAn Israeli bombing of a school turned shelter in Gaza City has killed at least 27 people, rescuers said, and hundreds of thousands in the Rafah area are fleeing in one of the biggest ma...

03/04/2025 18:14 The Guardian
Republican backlash to Trump tariffs grows as Senate rebels decry ‘bad policy’

Four GOP senators rebuke president by voting to rescind 25% Canada tariffs, prompting praise from DemocratsUS politics live – latest updatesThe first signs of an internal US political backlash against Donald Trump’s declaration of a global trade war are starting to emerge amid tanking stock mark...

03/04/2025 17:29 The Guardian
Don’t weaken online safety laws for UK-US trade deal, campaigners urge

Child protection charities say watering down Online Safety Act would be an ‘appalling sellout’ by governmentChild safety campaigners have warned the government against watering down landmark online laws as part of a UK-US trade deal, describing the prospect of a compromise as an “appalling sel...

03/04/2025 17:03 The Guardian
UK politics: Starmer warns Trump’s US tariffs not just ‘short-term tactical exercise’ – as it happened

PM says measures mark ‘the beginning of a new era’ for trade and the global economyInternet safety campaigners have expressed alarm about reports that the Online Safety Act could be reviewed as part of the economic deal the UK is negotiating with the US.According to a Politico report, quoting un...

03/04/2025 17:00 The Guardian
Macron suggests pause on US investment as EU leaders condemn Trump tariffs

Von der Leyen calls tariffs ‘a major blow to world economy’ while calling for last-ditch negotiationsEuropean leaders have condemned Donald Trump’s tariffs as “fundamentally wrong” and creating an “immense difficulty for Europe”, while appealing for last-ditch negotiations to avert an...

03/04/2025 16:31 The Guardian
Macron calls Trump’s tariffs ‘brutal and unfounded’ and warns France could suspend US investments – as it happened

President says ‘nothing can be ruled out’ in response to US measuresWhat are tariffs and why do they matter?French prime minister François Bayrou told reporters that Donald Trump’s tariffs marked “a catastrophe” for the global economy, and posed “an immense difficulty” for Europe.Spea...

03/04/2025 16:31 The Guardian
Hungary to pull out of ‘political’ ICC as Netanyahu visits Budapest

Israeli PM, who is wanted by the court, hails Viktor Orbán’s ‘bold and principled’ decision to leave the ‘corrupt’ bodyHungary will leave the international criminal court because it has become “political”, the country’s prime minister, Viktor Orbán, said as he welcomed his Israeli...

03/04/2025 16:18 The Guardian
‘Creating chaos and crisis’: Democrats slam Trump’s sweeping tariffs as global markets tumble – live

Democrats accuse Trump of ruining US economy on purpose and note the lack of tariffs for RussiaGlobal markets react to Trump tariffs – follow liveAnalysis: Trump promised lower prices – his tariffs risk the oppositeIn the aftermath of the disastrous debate against Donald Trump that ultimately en...

03/04/2025 15:59 The Guardian
Will Trump’s tariffs ignite a global trade war? Today in Focus Extra – podcast

Donald Trump has introduced eye-watering tariffs on countries around the world. Will they ‘make America wealthy again’? Richard Partington reportsDonald Trump is on a mission to ‘make America wealthy again’. Speaking outside the White House, he said for too long the country had been ‘loote...

03/04/2025 15:59 The Guardian
Fire crews battle blazes across UK amid ‘very high to extreme’ risk for weekend

People urged not to light fires as crews attend outbreaks in Stirling and Dunbartonshire and on Dorset heathlandWildfires are continuing to burn across the UK, with the emergency services warning of an “extreme” risk caused by the warmer weather.Crews in Scotland have been dealing with a large g...

03/04/2025 15:42 The Guardian
Keir Starmer accuses Reform UK of ‘fawning over Putin’

PM uses launch of Labour local election campaign to attack Nigel Farage over past comments about Russian leaderKeir Starmer has accused Reform UK of “fawning over Putin” as the prime minister used the launch of Labour’s local election campaign to attack Nigel Farage repeatedly over his past co...

03/04/2025 14:52 The Guardian
Russia bans Elton John Aids Foundation over its support for LGBTQ+ rights

Designation as ‘undesirable organisation’ exposes nonprofit’s staff and partners to possible criminal prosecutionRussian authorities on Thursday banned the Elton John Aids Foundation (EJAF), which focuses on HIV/Aids prevention, citing its support for LGBTQ+ rights as a reason for the move.Fou...

03/04/2025 13:19 The Guardian
Severe storms and tornadoes rip across US south and midwest, killing one person

Rare tornado emergency declared in Arkansas city as homes ripped apart and warnings issued in multiple statesViolent storms and tornadoes have torn across the US south and midwest, killing at least one person and downing power lines and trees, smashing homes and upturning cars across multiple states...

03/04/2025 12:50 The Guardian
Roman-era battlefield mass grave discovered under Vienna football pitch

Archaeologists say ‘catastrophic military event’ took place at site where 129 bodies have been found so farAs construction crews churned up dirt to renovate a football pitch in Vienna last October, they happened upon an unprecedented find: a heap of intertwined skeletal remains in a mass grave d...

03/04/2025 10:23 The Guardian
Trump announces sweeping tariffs, upending decades of US trade policy | First Thing

Tariffs will hit developing and wartorn nations particularly hard. Plus, Australia records hottest 12 months on recordGood morning.Donald Trump announced wide-ranging tariffs on the US’s major trading partners on Wednesday, a move that puts the world at risk of a global trade war and that sent sto...

03/04/2025 10:17 The Guardian
Victorian man charged for allegedly threatening to kill politician days after AFP head warned of rising threats

Ballarat man, 51, sent two threatening emails to an unnamed federal MP in late March, police will allegeGet our afternoon election email, free app or daily news podcastA Victorian man has been charged for allegedly sending an email to a federal politician in which he threatened to kill them.The Aust...

03/04/2025 10:11 The Guardian
Asian countries riven by war and disaster face some of steepest Trump tariffs

Myanmar, Cambodia and Laos hit with rates over 40% as experts say the real target is ChinaAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsDeveloping nations in south-east Asia, including wartorn and earthquake-hit Myanmar, and several African nations are among the tra...

03/04/2025 09:13 The Guardian
BREAKING NEWS
04/04 13:30 - News24 | In a stunning move, Saudi Arabia and Russia are now pushing oil prices lower 04/04 12:30 - US’s Rubio shrugs off market falls at Nato press conference – Europe live 04/04 12:24 - Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live 04/04 12:17 - Trump’s Trade War Escalates as China Retaliates With 34% Tariffs 04/04 12:00 - US ports to use Covid-like tests to identify illegally trafficked seafood species 04/04 11:56 - Storm Stalled Over Central U.S. Brings Another Day of Rain and Flooding 04/04 11:27 - Russia stalls ceasefire talks as it intensifies attacks on Ukraine 04/04 11:27 - Russia stalls ceasefire talks as it intensifies attacks on Ukraine 04/04 11:25 - Returning to Khartoum: In Sudan, civilians try to rebuild their lives after war 04/04 11:06 - Stocks Plunge Again as Trade War Intensifies 04/04 11:04 - Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble 04/04 10:41 - Cambodia leads global fight against landmines 04/04 10:39 - UK set for warmest day yet this year as firefighters warn of more wildfires 04/04 10:14 - Russia hosts top diplomats from Sahel countries for talks on boosting security ties 04/04 10:08 - First Thing: Markets plunge as IMF says Trump trade war poses ‘significant risk’ to global economy 04/04 09:43 - Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street 04/04 09:28 - Protesters in Gaza Call on Hamas to Step Aside 04/04 09:21 - In Ukraine, families line the streets for a funeral march in the freezing rain 04/04 09:00 - Russia Executes P.O.W.s Without Caring Who Watches, Ukraine Says 04/04 08:57 - David Lammy says Trump has taken US economic policy back 100 years with ‘return to protectionism’ – UK politics live 04/04 08:44 - Zelensky contradicts Trump on NATO membership 04/04 08:42 - US: storms kill seven in the South and Midwest as forecasters warn of catastrophic rains and floods 04/04 08:09 - Trump’s inner circle opposes new Putin call – NBC News 04/04 07:51 - IMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slide 04/04 07:43 - Palestinian aid workers likely shot ‘execution style’, forensic expert says 04/04 07:43 - Palestinian aid workers likely shot ‘execution style’, forensic expert says 04/04 07:31 - There's Zero Shame In Weird Body Things, But These 47 Products Can Help 04/04 07:25 - U.S. negotiators outmatched by Russians in Ukraine talks, say analysts 04/04 07:01 - 'We are Chelsea B team' - Why Strasbourg fans are in civil war 04/04 06:50 - Trump tariffs to cause ‘untold damage’, UK business groups warn 04/04 06:50 - Trump tariffs to cause ‘untold damage’, UK business groups warn 04/04 06:00 - Plan to increase access to NHS dentists in England ‘a complete failure’, MPs say 04/04 05:32 - Musk’s father says Tesla tycoon admires Putin 04/04 05:00 - Rare wall paintings found in Cumbria show tastes of well-off Tudors 04/04 04:20 - Russia-Ukraine war: List of key events, day 1,135 04/04 04:20 - Russia-Ukraine war: List of key events, day 1,135 04/04 04:12 - Putin and Zelensky ready to make a deal – Trump 04/04 04:08 - Queensland police to have power to issue on-the-spot domestic violence protection orders 04/04 03:38 - EU leaders push for influence at Central Asia summit in Uzbekistan 04/04 01:50 - Rubio urges NATO allies to boost defense spending, reasserts US commitment 04/04 01:42 - Trump reportedly threatening to freeze $510m in grants from Brown University 04/04 01:31 - Javier Milei, Trump’s ‘Favorite President,’ Has Few Deals to Offer — but Lots of Adoration 04/04 00:49 - Hezbollah at crossroads after blows from war weaken group 04/04 00:37 - Tornadoes Sweep Across the South and Midwest, Killing at Least 7 03/04 23:21 - Macron calls for EU rebuttal to Trump tariffs 03/04 23:13 - S&P 500 Has Worst Day Since June 2020 as Trade War Sets Off Slump 03/04 23:11 - Lush and Kwik Fit warn National Insurance rise will push up prices 03/04 22:52 - UK in talks with Brazil over 'potential sale' of two Royal Navy warships 03/04 21:28 - Putin envoy visits Washington 03/04 21:01 - Radio Free Europe says Washington shut off its Russian broadcast despite restraining order 03/04 20:47 - US to skip Ukraine military aid meeting for first time – media 03/04 20:36 - US stocks lead worldwide selloff after Trump's tariff announcement 03/04 20:22 - Senators unveil bill to claw back power over tariffs amid Trump trade wars 03/04 20:06 - Pentagon watchdog to investigate Pete Hegseth over Signal war-planning chat leak 03/04 19:58 - Influencers 'new' threat to uncontacted tribes, warns group after US tourist arrest 03/04 19:37 - Russia Is Exempt From Trump's Tariffs, And These Reactions Might Be Funny If It Wasn't All So Infuriating 03/04 18:59 - The Job Market Has Been Resilient. The Trade War Could Be Its Undoing. 03/04 18:28 - Israel launches deadly ground incursion amid air strikes on Syria 03/04 18:28 - Israel launches deadly ground incursion amid air strikes on Syria 03/04 18:14 - At least 27 killed in Israeli bombing of shelter in Gaza City, rescuers say 03/04 18:09 - Trump tariffs: Pain or gain for China? 03/04 17:55 - Hungary withdraws from International Criminal Court during Netanyahu visit 03/04 17:49 - Hungary will withdraw from ICC, government says during Netanyahu visit 03/04 17:37 - Israel Shifts Goal Posts in Gaza War 03/04 17:29 - Republican backlash to Trump tariffs grows as Senate rebels decry ‘bad policy’ 03/04 17:25 - Putin Envoy Says He’s in U.S. for Talks With Trump Administration 03/04 17:03 - Don’t weaken online safety laws for UK-US trade deal, campaigners urge 03/04 17:00 - UK politics: Starmer warns Trump’s US tariffs not just ‘short-term tactical exercise’ – as it happened 03/04 16:59 - Trump’s Trade War Risks Forfeiting America’s Economic Primacy 03/04 16:55 - Disneyland's "Season Of The Force" Is Back, And We're Geeking Out Over All These "Star Wars" Things You Need To Check Out 03/04 16:31 - Macron suggests pause on US investment as EU leaders condemn Trump tariffs 03/04 16:31 - Macron calls Trump’s tariffs ‘brutal and unfounded’ and warns France could suspend US investments – as it happened 03/04 16:18 - Hungary to pull out of ‘political’ ICC as Netanyahu visits Budapest 03/04 15:59 - Will Trump’s tariffs ignite a global trade war? Today in Focus Extra – podcast 03/04 15:59 - ‘Creating chaos and crisis’: Democrats slam Trump’s sweeping tariffs as global markets tumble – live 03/04 15:46 - US faces fiscal collapse – Michael Bloomberg 03/04 15:42 - Fire crews battle blazes across UK amid ‘very high to extreme’ risk for weekend 03/04 15:41 - Hungary says it will withdraw from ICC as Netanyahu arrives on its soil despite arrest warrant 03/04 15:40 - News24 | Trump's tariff onslaught hits Apple from all sides 03/04 15:38 - Hungary Says It Will Exit ICC as Netanyahu Visits 03/04 15:00 - Who’s winning the race for the Arctic’s resources? 03/04 15:00 - Who’s winning the race for the Arctic’s resources? 03/04 14:54 - ICC responds to Netanyahu’s Hungary visit 03/04 14:52 - Keir Starmer accuses Reform UK of ‘fawning over Putin’ 03/04 14:28 - White House explains Russia’s absence from tariff list 03/04 14:10 - 'Looney tariffs', 'Trump's dumb war': How the press reacted to 'Liberation Day' 03/04 13:34 - Russia excluded from Trump's sweeping tariffs list 03/04 13:33 - Trump's tariffs are about something more than economics: power 03/04 13:19 - Russia bans Elton John Aids Foundation over its support for LGBTQ+ rights 03/04 12:50 - Severe storms and tornadoes rip across US south and midwest, killing one person 03/04 12:43 - Saved from destruction: Paris show offers glimpse of Gaza’s archaeological treasures 03/04 12:16 - Netanyahu defies ICC with Budapest visit (PHOTOS) 03/04 11:47 - American consumers set to be the biggest losers in Trump’s trade wars 03/04 11:47 - American consumers set to be the biggest losers in Trump’s trade wars 03/04 11:32 - In NATO talks, Trump team puts onus on Europe to defend itself 03/04 10:55 - The Trade War Begins 03/04 10:24 - War with Iran ‘almost inevitable’ – France 03/04 10:23 - Roman-era battlefield mass grave discovered under Vienna football pitch 03/04 10:21 - Parts of UK set to be hotter than Algarve on Friday 03/04 10:17 - Trump announces sweeping tariffs, upending decades of US trade policy | First Thing