Trump’s about-face on tariffs reveals chaos at the core of his presidency

Time will tell how much damage has been inflicted on the credibility of Trump’s economic policy and administration

Donald Trump’s climbdown on Wednesday from the most draconian aspects of his tariff regime has uncovered a damning picture of chaos at the heart of his presidency without necessarily alleviating their most painful effects.

The president’s landmark “liberation day” unveiling of tariffs in the White House Rose Garden on 2 April was supposed to be symbolic gateway to his promised “golden age of American greatness”; instead, it triggered a cascade of global market crashes that prompted warnings of a recession, or even a 1930s-style depression, while Trump brushed it all off as temporary “disruption”.

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Apple said to be flying iPhones from India to US to avoid Trump tariffs

Tech firm has reportedly flown 600 tonnes of handsets from Indian factories as Chinese goods face huge tariffs

Apple is reportedly chartering cargo flights to ferry iPhones from its Indian manufacturing plants to the US in an attempt to beat Donald Trump’s tariffs.

The tech company has flown 600 tonnes of iPhones, or as many as 1.5m handsets, to the US from India since March after ramping up production at its plants in the country, according to Reuters.

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Thursday briefing: Trump puts global tariffs on pause – but hikes them for China

In today’s newsletter: White House officials send mixed messages over Trump’s stunning U-turn

Good morning. Two main pieces of news from Donald Trump yesterday: he has rolled back water efficiency standards to “make America’s showers great again”, because he likes “to take a nice shower to take care of my beautiful hair”; and he has rolled back the exorbitant tariffs he applied to many countries last week to 10% – but increased them for China. “No longer will showerheads be weak and worthless,” the White House said. This will come as welcome news for the many investors who have recently been taking a bath.

It was a pretty chaotic change, all told: there were contradictory messages from Trump’s advisers on which countries would be affected, why he did it, and what Beijing should expect to happen next. Still, the markets breathed a large sigh of relief, and the S&P 500 had one of the strongest days of its postwar history. This morning, share indices in Asia have jumped in turn.

Gaza | Israeli aircraft struck a residential block in war-ravaged northern Gaza on Wednesday, killing at least 23 people, including eight women and eight children health officials said, as the Israeli military is reportedly preparing to seize the entire city of Rafah.

Trade | The UK and India have agreed 90% of their free trade agreement, businesses were told on a call with negotiators this week. There are hopes the UK government will succeed in finalising a highly coveted trade deal with India, a booming economy of 1.4 billion people, this year.

Smartphones | Almost all schools in England have banned mobile phone use by pupils, according to a survey run by Rachel de Souza, the children’s commissioner for England. Among 15,000 schools, 99.8% of primaries and 90% of secondaries have some form of ban.

Defence | Hot weather is expected to bring highs of 24C to the UK as fire services continue to warn of wildfires across the country. The Met Office said temperatures would peak on Friday in London and south-east England, which could make it the hottest day of the year so far, while temperatures could hit 23C on Thursday.

BBC | A controversial sculpture outside the BBC’s headquarters has been restored and put back on display behind a screen after being vandalised, with the corporation saying it in no way condoned the “abusive behaviour” of its creator, Eric Gill. There have long been calls for Gill’s works to be removed since his diaries revealed he had sexually abused his two eldest daughters.

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US-China trade war intensifies as Beijing’s tariffs come into effect after Trump pause

China’s 84% tariffs against US products comes into force amid market relief at Donald Trump’s move to pause steep reciprocal tariffs around the world

Donald Trump’s trade war with China entered a new phase on Thursday, as Beijing’s 84% retaliatory tariffs came into effect hours after the US president announced a pause of steep reciprocal tariffs on dozens of countries except China.

Markets rebounded after Trump’s announcement of the sudden pause, after the most volatile episode in financial markets since the pandemic.

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Gordon Brown calls for ‘economic coalition of the willing’ to tackle Trump tariffs

Former PM says it is also the moment for the UK to go even further in renewing ties with the EU

Gordon Brown has called for an “economic coalition of the willing” to respond to Donald Trump’s tariffs with coordinated economic policies, including a reduction of interest rates.

The former prime minister also said it was a moment for the UK to go even further in renewing ties with the EU, suggesting it should mean “collaboration that is even more extensive than removing post-Brexit trade barriers”.

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EU to impose retaliatory 25% tariffs on US goods from almonds to yachts

Bloc says it ‘considers US tariffs unjustified and damaging, causing economic harm to both sides’

The EU has agreed to impose retaliatory tariffs on €21bn (£18bn) of US goods, targeting farm produce and products from Republican states, in Europe’s first act of retaliation against Donald Trump’s tariffs.

The EU plans to introduce 25% tariffs on scores of goods from almonds to yachts, with the first duties being collected from 15 April, while the bulk apply from 15 May and the remainder from 1 December.

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Starmer rejects claim there are ‘strong arguments’ for suspending fiscal rules amid US tariffs – UK politics live

The PM doubled down on his insistence the government won’t change its fiscal rules, describing them as ‘ironclad’ and ‘non-negotiable’

One person probably more enthusiastic than most about the prospect of Universal opening a theme park in the UK is the Lib Dem leader Ed Davey. He is a great fan of outdoor activity-related photocalls, and he’s been at it again today, and the Gloucester Ski and Snowboarding Centre in Matson, Gloucestershire.

Almost 40 MPs and peers have signed a letter organised by Jeremy Corbyn calling for an independent inquiry into the government’s role in the war in Gaza.

Many people believe the government has taken decisions that have implicated officials in the gravest breaches of international law.

These charges will not go away until there is a comprehensive, public, independent inquiry with the legal power to establish the truth.

Last month, I wrote to the Prime Minister calling for an independent inquiry into the UK’s involvement in Israel’s assault on Gaza.

Today, more than 30 MPs have supported that call.

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Trump brags world leaders are ‘kissing my ass’ as tariff chaos rocks markets

President boasts at National Republican Congressional Committee dinner: ‘I know what I’m doing’

Donald Trump has insisted “I know what the hell I’m doing” by imposing sweeping tariffs and bragged that world leaders are “kissing my ass” as they try to negotiate trade deals.

The US president was speaking to political donors at the National Republican Congressional Committee’s annual fundraising dinner in Washington on Tuesday night.

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Asian markets fall as Trump’s sweeping global tariffs, including 104% against China, due to take effect – business live

Stock markets down from Australia to Japan and Taiwan as Trump presses ahead with plans to hit China with huge retaliatory tariffs

Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.

US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners.

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Trump flags ‘major tariff on pharmaceuticals’ as trade chief says US ‘running up score’ on Australia

US president says he will shortly announce the new tariff on pharmaceuticals but does not give any details

Donald Trump says the US will soon introduce “a major tariff on pharmaceuticals” designed to force more manufacturing giants to relocate to America, a move that could further strain relations with Australia.

His comments come hours after his trade representative, Jamieson Greer, said the US should be “running up the score” with Australia and using money generated by tariffs to address a broader $1.2tn trade deficit with the rest of the world. The US maintains a trade surplus with Australia.

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As Trump ignites tariff war, a US city is embracing Canadians with all its heart

An estimated 300,000 Canadians visit Palm Springs each year and Trump’s levies threaten tourism in the region

Worried that Donald Trump’s policies are scaring away Canadians, a key segment of their tourist industry, a California resort city has put up “Palm Springs Loves Canada” signs across its downtown.

“It was a gesture to let our Canadian visitors know that what happens in Washington DC, is not the way that Palm Springs is looking at Canada,” Ron deHarte, the city’s mayor, said of the signs, which were installed on Friday.

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British Steel could be nationalised as PM and chancellor consider ‘all options’

Whitehall sources say Starmer and Reeves aligned in seeing steel as of ‘huge strategic importance’

Keir Starmer and Rachel Reeves are actively considering nationalising British Steel in an escalation of plans first revealed in the Guardian last year.

The prime minister said all options were on the table to secure the future of the Scunthorpe plant, which is owned by the Chinese firm Jingye and employs about 3,500 people.

Defended the welfare cuts as being based on “dignity” and criticised the Office for Budget Responsibility for not taking into account possible behavioural changes of people affected by the cuts when assessing the consequences of the policy.

Said threats from foreign powers targeting people in the UK were “growing” and the issue was constantly being raised in international talks. He added: “I think we generally underestimate that threat, and it’s very important we’re alive to it.”

Stepped up his criticism of regulators, telling MPs he was “astonished” by how many there were and saying he was “frustrated” by the barriers they put up.

Called for an inquiry into the killing of 15 aid workers in Gaza and said international law “underpins everything we do bilaterally and multilaterally” when questioned about the conflict in the Middle East.

Said he would speak to the intelligence agencies and the Kyiv government after Volodymyr Zelenskyy, the Ukraine president, said two Chinese citizens had been captured fighting as part of the Russian army.

Said changes to the social care system could come as soon as next year amid a review led by Lady Louise Casey.

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How Trump tariffs could push Vietnam into the arms of China

The move has sent shock waves through a region of US strategic importance that had respected Trump as tough on Beijing

Vietnam had tried to appease Donald Trump: tariffs on US goods were reduced; regulations were passed to allow Elon Musk’s SpaceX to launch its Starlink in the country. The prime minister, Pham Minh Chinh, even joked in January that he would happily “play golf all day long” at Trump’s Mar-a-Lago home in Florida if it could “bring benefits to my country and my people”.

The strategies do not appear to have worked. Trump has inflicted an extraordinary 46% tariff on Vietnam that threatens to devastate its economic growth plans and undermine relations between the two countries. The tariff has sent shock waves through Vietnam, a manufacturing powerhouse where Trump has always been fairly popular, and across south-east Asia.

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China vows to ‘fight to the end’ against latest Trump tariff threat

Beijing accuses US of blackmail and adding a ‘mistake on top of a mistake’ as Wednesday deadline for latest levies looms

China’s government says it will “fight to the end” if the US continues to escalate the trade war, after Donald Trump threatened huge additional tariffs in response to China’s retaliatory measures.

On Tuesday, China’s commerce ministry accused the US of “blackmail” and said the US president’s threats of additional 50% tariffs if Beijing did not reverse its own 34% reciprocal tariff were a “mistake on top of a mistake”.

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Bank ‘should cut UK interest rates to at least 4% in May amid tariff turmoil’

Ex-Bank of England deputy governor Charlie Bean says cut of 0.5 points needed because of ‘crazy situation’ in US

The Bank of England should use its meeting next month to cut interest rates by at least half a percentage point to 4% in response to the financial turmoil created by Donald Trump’s trade tariffs, the former deputy governor Charlie Bean has said.

He believes an aggressive strategy is needed to combat the fallout from Trump’s tariff war, which has knocked trillions of pounds off global stock markets, undermining business and consumer confidence.

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Netanyahu discusses Gaza and tariffs with Trump at White House meeting

President says the pair had a ‘great discussion’ while prime minister says Israel will eliminate trade deficit with US

The Israeli prime minister, Benjamin Netanyahu, met with Donald Trump on Monday for the second time since the US president’s return to office, marking the first effort by a foreign leader to negotiate a deal after Trump announced sweeping tariffs last week.

Speaking alongside Trump in the Oval Office, Netanyahu said Israel would eliminate the trade deficit with the US. “We intend to do it very quickly,” he told reporters, adding that he believed Israel could “serve as a model for many countries who ought to do the same”.

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Rightwing group backed by Koch and Leo sues to stop Trump tariffs

New Civil Liberties Alliance says president’s invocation of emergency powers to impose tariffs is unlawful

A libertarian group backed by Leonard Leo and Charles Koch has mounted a legal challenge against Donald Trump’s tariff regime, in a sign of spreading rightwing opposition to a policy that has sent international markets plummeting.

The New Civil Liberties Alliance filed a suit against Trump’s imposition of import tariffs on exports from China, arguing that doing so under the International Emergency Economic Powers Act (IEEPA) – which the president has invoked to justify the duties on nearly all countries – is unlawful.

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UK politics: Starmer sticks by manifesto pledge not to raise taxes amid tariff turmoil – as it happened

Prime minister says ‘no one is pretending tariffs are good news’ during speech on car industry

In his Times article Keir Starmer describes the Trump tariffs as “the beginning of a new era”. He has been saying this at least since last Thursday, when he spoke about the tariffs at a Q&A with journalists at Labour’s local elections campaign launch. The speech this afternoon is being described as the PM’s most considered response so far to the global economic turmoil generated by the tariffs, but we have already heard quite a lot from Starmer on this topic already, in a Sunday Telegraph article yesterday and in No 10 briefings on the calls he had with world leaders about the situation over the weekend.

Is there a coherent strategy? On the basis of what he has said so far, there are at least five elements in the mix at the moment.

John Ryan is a local hero and we are truly humbled that he has publicly endorsed Reform UK ahead of May’s elections in Doncaster.

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Trump threatens additional 50% tariffs on China over retaliatory levies

President poised to further impose taxes after Beijing announced a 34% tariff on US imports as global markets fall

Donald Trump has threatened to impose an additional 50% tariff on imports from China on Wednesday unless the country rescinds its retaliatory tariffs on the United States by Tuesday.

The news comes on the third day of catastrophic market falls around the globe since Trump announced his trade war last Wednesday with tariffs on the US’s trading partners.

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Caribbean is friend of US, not an enemy, tariff-hit regional leaders tell Trump

Barbados PM and Caricom chair calls on Washington to engage in talks to ‘keep prices down for all of our people’

The Caribbean is a friend, not an enemy, leaders in the region have told Donald Trump after the US president’s imposition of worldwide import tariffs.

The prime minister of Barbados, Mia Mottley, invited Trump to talk with leaders in the region and “work together to keep prices down for all of our people”, adding: “I say simply to President Trump: our economies are not doing your economy any harm in any way. They are too small to have any negative or distorted impact on your country.”

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