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The Latest Breaking News from the White House

‘No pain’: Trump team doubles down on tariffs as global markets plummet - Roll Call

Trump administration officials on Thursday defended President Trump's sweeping worldwide tariffs, but they could hamstring GOP in midterms.

Roll Call

Trump Administration Is Touting Migrant Arrests, But New Data Shows Many Were Already Behind Bars

In the early weeks of the Trump admin, ICE said it arrested 72 criminal migrants. A new investigation shows at least half of them were already arrested.

Latin Times

CNBC reporter trashes Trump for ‘made-up’ tariff rates: ‘Nobody ever heard of this formula!’

‘Nobody has ever used this formula. So I’m sorry, but the conclusion seems to be that the president kind of made this up as he went along. He made it up,’ Steve Liesman said on Thursday

The Independent UK

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Wall St Leads Rout As World Reels From Trump Tariffs

Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war, while the White House insisted the US economy would emerge victorious.

International Business Times

US stock markets see worst day since Covid pandemic after investors shaken by Trump tariffs

All three major US index funds close down as Apple and Nvidia, two of US’s largest companies, lose combined $470bn

The Guardian - US

US tariffs on world-wide scale could create recessionary trends, Taoiseach says

Micheal Martin said he is concerned about the impact on investments and jobs in Ireland, the EU and across the world.

Evening Standard

What to know about President Donald Trump's vast array of tariffs

President Donald Trump followed through on his tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the US.

Euronews

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Trump’s ‘idiotic’ and flawed tariff calculations stun economists

‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarray

The Guardian - UK

How do the tariffs imposed on the UK compare with other nations?

With some countries facing tariffs of more than 50%, how does the UK fare?

Evening Standard

Trump closes China tariff loophole used by fast fashion retailers like Shein and Temu

Imported goods under $800 will now be subject to duties of either 30 per cent of their value or $25 per item

The Independent UK

Trump creates U.S. Investment Accelerator to manage CHIPS Act and 'negotiate much better deals'

President Trump established the U.S. Investment Accelerator office to manage CHIPS Act awards and make it easier for investors to build businesses within the U.S.

Tom’s Hardware

Trump’s auto tariffs could help China’s carmakers, experts say

Trump’s 25 percent tariff could ‘level the playing field’ for Chinese brands insulated from the US market, analyst say.

Al Jazeera

Top Russian Official In Washington For Talks On Improving Ties

Russia's top economic negotiator announced Thursday that he was in Washington for talks on improving ties, the highest-level visit by a Kremlin official to the United States since Russia invaded Ukraine.

International Business Times

CNN political analyst claims President Donald Trump’s advisors are ‘tired of Musk’s presence’

Musk’s approach has been described as like a ‘chainsaw, not a scalpel,’ the New York Times’ chief White House correspondent Maggie Haberman says

The Independent UK

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Barchart

Stocks Plummet Before the Open as Trump’s Tariffs Stoke Recession Worries

June S&P 500 E-Mini futures (ESM25) are down -3.09%, and June Nasdaq 100 E-Mini futures (NQM25) are down -3.42% this morning, pointing to a sharply lower open on Wall Street as sweeping tariffs announced by U.S. President Donald Trump fueled fears of an escalating trade war and economic slowdown.

Salon

Trump-MAGA experience machine ramps up

As the president's victory march comes to a slow, MAGA's parallel universe of propaganda ramps up

The Independent UK

Trump tariffs: How could Europe retaliate as trade war breaks out

The sweeping round of ‘Liberation Day’ tariffs was unveiled by Donald Trump in the White House on Wednesday - but how will the EU react?

The Independent UK

Trump tariffs list in full: Every country hit and the surprising exemptions

Some of the world’s weakest economies in Asia are among those hardest-hit in opening salvo of global trade war

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Evening Standard

Need for ‘maturity’ in EU-US talks on tariffs, Harris says

His assessment came after US President Donald Trump announced that he was imposing a sweeping 20% tariff on imports from the EU.

The Guardian - AU

‘Nowhere on Earth is safe’: Trump imposes tariffs on uninhabited islands near Antarctica

Australian prime minister surprised after remote external territories – including islands home to penguins – targeted by US president

The Guardian - AU

Canada Trump tariff exemption ‘like dodging a bullet into the path of a tank’, says business leader

Automotive industry and prime minister Mark Carney note that 25% tariffs on Canadian steel, aluminum and automobiles will still come into effect within hours

International Business Times

Key Details On Trump's Market-shaking Tariffs

After weeks of anticipation, US President Donald Trump unveiled sweeping new tariffs on trading partners Wednesday, calling it a "declaration of economic independence."

Salon

Trump tariffs include uninhabited island

Planned tariffs shared by the White House included a 10% duty on imports from the barren Heard and McDonald Islands

Evening Standard

Minister due to face MPs after Trump tariffs unveiled

Jonathan Reynolds is due to address MPs on Thursday morning after Mr Trump confirmed sweeping import levies.

The Independent UK

The Latest: Business leaders warn Trump tariffs will raise prices for US consumers

President Donald Trump has announced plans for sweeping tariffs

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