Stock Markets Slide After Trump Unveils Tariffs

European Union regulators are preparing major penalties against Elon Musk’s social media platform, X, for violating a new E.U. law aimed at combating illicit content and disinformation, with fines and product changes expected to be announced this summer. The move is likely to escalate tensions with the United States, targeting one of President Trump’s closest advisers. The investigation into X is progressing independently from tariff negotiations, and if X refuses to comply, a legal confrontation...

Donald Trump's decision to impose sweeping tariffs on US trade partners, including close security allies, has triggered a rush to find ways to placate Washington before the measures take effect. Countries have until April 5 to negotiate trade concessions with the US before the tariffs, ranging from 10% to over 50%, go into effect. Despite efforts by countries like the EU, Japan, and South Korea to offer concessions such as buying more US goods or...

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Millions of savers are missing out on significant returns as £46 billion sits in low-interest cash ISAs, with the average balance being over £6,700. Despite competitive rates available, the amount in these accounts has grown by £3 billion in the last year. Savers are urged to transfer to higher-paying accounts to combat inflation eroding their savings. Full Article

President Trump's imposition of tariffs aims to revive America's manufacturing dominance by challenging decades of global free trade policies. The shift towards protectionism comes amid a decline in manufacturing employment, with industrial hubs struggling and trade deficits growing. While some support the tariff campaign, others warn of economic risks and uncertainty about its long-term impact on job growth and trade dynamics. Full Article

Shares in top US companies, such as Apple, Amazon, and Tesla, saw significant declines in after-hours trading due to Donald Trump's new tariff regime causing concerns about global supply chain disruptions. Technology companies, retailers, and consumer brands were among the hardest hit. The new tariffs are set to take effect on April 5 and April 9, with a universal 10% tariff on all countries and higher reciprocal tariffs on key geographies. Tech supply chains, particularly...