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First Thing: Markets plunge as IMF says Trump trade war poses ‘significant risk’ to global economy

04/04/2025 10:08 The Guardian

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 supercharged recession fears, with London’s stock market opening on Friday morning at its lowest level since January.What has the political reaction been? There are some signs of a slight Republican backlash, with the former Senate majority leader Mitch McConnell calling tariffs “bad policy” that hurt ordinary Americans. McConnell and three other Republican senators backed a Democrat resolution demanding that the 25% tariffs on Canadian products be reversed.Get the latest from our business blog and our US politics blog.Were others fired? Yes – Trump said earlier on Thursday that he had fired “some” White House national security council officials. The announcement came a day after the far-right activist Laura Loomer raised concerns with him about staff loyalty. Continue reading...

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George Santos prosecutors seek seven-year prison term for campaign fraud

Disgraced Republican congressman ‘made a mockery’ of election system and merits long sentence, US officials sayProsecutors are seeking more than seven years in prison for disgraced former congressman George Santos after he pleaded guilty to federal fraud and identity theft charges.The US attorne...

05/04/2025 01:10 The Guardian
US markets see second day of selloffs as Trump’s tariffs continue to cause global turmoil – business live

US indexes suffer amid escalating global trade war as Beijing hits back with new tariffs on US goodsChina hits back hard at ‘bullying’ tariffs as global recession fears growStock-market rout continues as investors rattled by Trump tariffs‘In economic terms, Trump’s tariffs make no sense at a...

04/04/2025 20:23 The Guardian
US prepares for deadly floods with many National Weather Service offices understaffed

Dangerous weather comes after Trump administration job cuts left nearly half of offices with 20% vacancy ratesDonald Trump on Friday approved an emergency declaration for Kentucky as the central US braces for what experts in the region have warned could be a “generational” flooding event, as sev...

04/04/2025 19:49 The Guardian
China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-offUS politics live – latest updatesChina has hit back hard against Donald Trump’s “bullying” tariffs, raising fears that the escalating trade war could trigger a global recession and pro...

04/04/2025 17:32 The Guardian
Trump insists he won’t back down from global trade war as markets slump

On social media, the president said, ‘My policies will never change’, before suggesting possible change with VietnamUS politics live – latest updatesDonald Trump doubled down on his decision to launch a global trade war, declaring that he would “never” back off from sweeping tariffs on US...

04/04/2025 17:13 The Guardian
US ‘testing’ if Russia is serious about peace in Ukraine, says Marco Rubio

Secretary of state says Putin ‘will have to make a decision’ as US officials appear to be growing impatientThe US will know within weeks whether Russia is serious about pursuing peace with Ukraine, the secretary of state has said, warning that Donald Trump was not “going to fall into the trap...

04/04/2025 17:01 The Guardian
Aintree racegoers grateful for hats as sun shines for first time in decade

Ladies Day visitors happy to make financial sacrifices to wear spectacular outfits at annual Liverpool eventThe tradition of fascinators and hats during Ladies Day is usually more about showcasing excellent style than being practical. But this year, spectators at Aintree had good need for their head...

04/04/2025 16:34 The Guardian
Downing Street says Trump’s tariffs signal ‘new era’ in global economics

Experts say UK may have to raise taxes in autumn as senior MPs caution against too many concessions in US trade talksDonald Trump’s tariffs signal a new global economic era, Downing Street has said, as economists warned that the British government would probably have to raise taxes in response.No...

04/04/2025 16:16 The Guardian
Trump’s tariffs will likely mean ‘higher inflation and slower growth’, says Fed chair

While the US economy remains robust, Jerome Powell cautions there is high uncertainty over its directionUS politics live – latest updatesDonald Trump’s global tariffs assault is set to raise prices and slow down economic growth, Federal Reserve chair Jerome Powell has warned, defying the US pres...

04/04/2025 16:13 The Guardian
US’s Rubio shrugs off market falls at Nato press conference – as it happened

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 14:50 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
Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

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...

04/04/2025 09:43 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 plunge

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

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
BREAKING NEWS
05/04 01:10 - George Santos prosecutors seek seven-year prison term for campaign fraud 04/04 23:21 - New York Warns Trump It Will Not Comply With Public School D.E.I. Order 04/04 23:14 - Poland deputy minister eyes key Ukrainian port 04/04 22:30 - Children among 18 killed in Russian attack on Zelensky's home city 04/04 22:23 - What are the implications of the US-China tariffs war? 04/04 22:23 - What are the implications of the US-China tariffs war? 04/04 21:47 - US stock markets continue slump as China hits back on Trump tariffs 04/04 21:47 - US stock markets continue slump as China hits back on Trump tariffs 04/04 21:45 - Stocks close down heavily again after China matches U.S. tariffs 04/04 21:21 - Russian Strike Kills 16, including Six Children, Ukraine Says 04/04 20:57 - Ukraine says children among 18 killed in Russian attack on Kryvyi Rih 04/04 20:57 - Ukraine says children among 18 killed in Russian attack on Kryvyi Rih 04/04 20:48 - Protesters in Gaza Call on Hamas to Step Aside 04/04 20:46 - 'Massive' Russian drone attack on Zelenskyy's home city - after 'missile strike kills 16' 04/04 20:23 - US markets see second day of selloffs as Trump’s tariffs continue to cause global turmoil – business live 04/04 19:49 - US prepares for deadly floods with many National Weather Service offices understaffed 04/04 19:47 - Vance warns of ‘greatest threat to Europe’ (VIDEO) 04/04 19:40 - US Federal Reserve warns of inflation, unemployment from Trump tariffs 04/04 19:40 - US Federal Reserve warns of inflation, unemployment from Trump tariffs 04/04 19:33 - Rubio Warns Russia that U.S. Patience on Ukraine War Is Running Out 04/04 18:33 - US sanctions against Russia are unprecedented – here’s why there’s no effort to end them 04/04 18:32 - Russian strike on playground kills 18 in Zelensky’s hometown despite peace efforts 04/04 18:23 - US will know in weeks if Russia serious about Ukraine ceasefire, Rubio says 04/04 18:23 - US will know in weeks if Russia serious about Ukraine ceasefire, Rubio says 04/04 17:59 - Playgrounds, swimming pools and skateparks: Finland’s network of underground bomb shelters 04/04 17:45 - Russian missile strike kills more than a dozen in Zelensky's home city of Kryvyi Rih 04/04 17:32 - China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow 04/04 17:13 - Trump insists he won’t back down from global trade war as markets slump 04/04 17:01 - US ‘testing’ if Russia is serious about peace in Ukraine, says Marco Rubio 04/04 16:58 - UK sees hottest day of the year, with parts warmer than Ibiza 04/04 16:42 - Fed's Powell warns tariffs will boost inflation and slow growth 04/04 16:34 - Aintree racegoers grateful for hats as sun shines for first time in decade 04/04 16:28 - Powell Warns Trump’s Tariffs Risk Stoking Even Higher Inflation and Slower Growth 04/04 16:16 - Downing Street says Trump’s tariffs signal ‘new era’ in global economics 04/04 16:13 - Trump’s tariffs will likely mean ‘higher inflation and slower growth’, says Fed chair 04/04 16:00 - 'Don't speak, don't film': Journalist arrests fuel fears for democracy after Turkey protests 04/04 15:17 - Rosenberg: Trump takes US-Russia relations on rollercoaster ride 04/04 15:01 - Space race intensifies between EU, US, Russia and China 04/04 14:50 - US’s Rubio shrugs off market falls at Nato press conference – as it happened 04/04 14:46 - Reform UK candidate suspended after Savile tweets 04/04 14:44 - Israeli strikes in Syria a challenge to Turkey 04/04 14:25 - Trump’s Trade War Escalates as China Retaliates With 34% Tariffs 04/04 14:18 - The brave women of Ukraine 04/04 14:11 - Storm Stalled Over Central U.S. Brings Another Day of Rain and Flooding 04/04 14:07 - Stocks Drop Again as Trade War Intensifies 04/04 14:06 - US trade war: EU prepares to retaliate with Big Tech in its sights 04/04 13:57 - Russian army is strengthening – NATO supreme commander 04/04 13:52 - U.S. negotiators outmatched by Russians in Ukraine talks, analysts say 04/04 13:30 - News24 | In a stunning move, Saudi Arabia and Russia are now pushing oil prices lower 04/04 12:59 - Hungary welcomes Netanyahu and says it will leave the International Criminal Court 04/04 12:58 - China hits back hard in global trade war with a 34% tariff on imports of all U.S. products 04/04 12:00 - US ports to use Covid-like tests to identify illegally trafficked seafood species 04/04 11:38 - The Five Days Of Deals Sale Has Started At Wayfair, And You Can Snag Major Deals On All Your Warm Desires 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 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 10:09 - Giant rat wins world record for sniffing out landmines in Cambodia 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 09:21 - 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 plunge 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 07:01 - '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 tax 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