In the aftermath of Trump imposing higher tariffs on the so-called “worst offending” countries, global and economic reaction continues to move at pace – so let’s get you up to speed.
The EU has voted in favour of imposing new tariffs on the United States – affecting €20.9bn (£18bn) worth of goods – to be implemented in three stages throughout the year starting from 15 April.
China is refusing to back down after being hit with a 104% tariff from Trump last night, responding with a 84% tariff rate on US goods.
China has already filed a complaint to the World Trade Organization saying the US is violating international trade laws.
Wall Street opened earlier with mixed trading – with the S&P 500 and Down Jones down 0.19% and 0.5% respectively, but Nasdaq up 0.7%.
Asia’s markets opened between 3% to 1% lower, and continued on a downward slide, while European markets opened down by 2.1-2.5%.
Over on social media, Donald Trump has called on Americans to remain calm – telling them to “be cool” amid the uncertainty surrounding US tariffs.
Our writers in London, Washington and further afield will continue to bring you the latest developments – stick with us.
