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The Latest Breaking News from Donald Trump

Watch: Starmer refuses to rule out further benefit cuts after Trump’s tariffs

Sir Keir Starmer has refused to rule out a fresh round of benefit cuts ahead of the autumn Budget, with Donald Trump’s tariffs threatening to blow a hole in the UK’s public finances.

The Independent UK

In the reeling energy sector, an unexpected OPEC production hike plus tariff fears send oil prices plunging 7%

The 'bloom is off the rose' for Trump and the energy sector as stocks and prices plunge

Fortune

Trump’s chaos-inducing global tariffs, explained in charts

The US president’s announcement has caused market chaos and threatens a trade war and US recession

The Guardian - US

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Why did Russia escape Trump’s tariffs?

The U.S. already imposes heavy sanctions on Russia but still did approximately $3.5 billion in trade last year

The Independent UK

Pentagon Watchdog To Probe Defense Chief Over Signal Chat Row

The Pentagon inspector general's office will investigate Defense Secretary Pete Hegseth's use of commercial messaging app Signal to discuss air strikes on Yemen, the watchdog said Thursday.

International Business Times

Dollar Falls Sharply on US Tariffs Concerns

The dollar index (DXY00 ) Thursday fell sharply by -1.64% and posted a 6-month low. The dollar plummeted Thursday because of concerns that President Trump’s sweeping new reciprocal tariffs will start a trade war that will derail the economy and force the Fed to cut interest rates. Also, Thursday’s plunge...

Barchart

Morning Mail: Trump tariffs trigger Wall Street slump, Liberal candidate’s fringe views, Gen Z’s gender voter divide

Traders rush to sell stocks amid recession fears and widespread criticism of US policy; younger voters say men and women are growing apart politically

The Guardian - AU

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The markets are tumbling — how can you recession-proof your finances?

With global markets in disarray, is now the time to panic or stash cash in your attic? Personal finance influencer Vivian Tu, tells Mike Bedigan what people should be doing instead

The Independent UK

Starmer is right to try to maintain the dignity of the nation – and avoid provoking Trump’s irrational side

THE INDEPENDENT VIEW: Editorial: Balancing Britain’s interests with nurturing the US-UK special relationship is going to require every ounce of clearheadedness the prime minister can muster

The Independent UK

Trump's Tariffs Target Uninhabited Islands, Economic Dead Zones, and Individual Regions of France

The nonsensical list of territories subject to the White House's new "reciprocal" tariffs shows how amateurish the administration's new trade policy is.

Reason

Trump’s team touted 72 ICE arrests of violent criminals – half were already in prison, report says

Overall, Trump administration has removed fewer people on average than during last year of Biden administration

The Independent UK

Crude Oil Prices Plunge on Energy Demand Concerns and Rising OPEC+ Production

May WTI crude oil (CLK25 ) Thursday closed down -4.76 (-6.64%), and May RBOB gasoline (RBK25 ) closed down -0.1667 (-7.15%). Crude oil and gasoline prices plunged to 3-week lows on Thursday due to concern that President Trump’s harsher-than-expected reciprocal tariffs would ignite a trade war that derails the global...

Barchart

PC prices up at least 20%: Trump Tariffs may hurt U.S. system integrators most

Boutique PC builders like Maingear and Falcon Northwest bear the brunt of the costs.

Tom’s Hardware

El Paso Gunman Thought Trump Was 'Telling Him' to Stop 'the Hispanic Invasion' Before Walmart Mass Shooting, Attorney Says

The gunman who killed 23 people and injured 22 others in an El Paso Walmart shooting believed he was acting under the direction of President Donald Trump.

Latin Times

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The Independent UK

Yale fires legal scholar amid review of possible ties to 'sham charity' for designated terror group

Yale Law School has fired a scholar it says refused to appear in person to answer questions about her possible ties to organizations deemed to support terrorism

International Business Times

Mexico President Welcomes Being Left Off Trump's Tariffs List

President Claudia Sheinbaum of Mexico, the United States' top trading partner, on Thursday welcomed her country's exclusion from the list of nations targeted in Donald Trump's latest round of import tariffs.

Fortune

Are Trump's tariffs as bad as the Smoot-Hawley Act, which is blamed for deepening the Great Depression? They're actually worse

Those dreading a return to the Smoot Hawley days think this time around could be even worse given the size and scale of Trump's new tariffs.

Reason

Trump's New Tariffs on These 3 Countries Look Particularly Foolish

What tariffs on Singapore, Brazil, and Vietnam can tell us about how Trump misunderstands the value of trade.

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The Independent UK

Trump finally goes all in on tariffs. Free traders on the right and left are furious

ANALYSIS: The immediate anger and fallout from Trump’s tariff plan illustrates how a poor U.S. economy could politically isolate the president, writes John Bowden

InsideEVs

Here's Every Single EV About To Get Hit With Tariffs

It turns out "Made in America" means a lot less when you pop the hood (or frunk) of your new car. With Trump's new 25% auto tariffs setting in this morning like a regulatory bulldozer, the whole EV market—we're talking cars assembled in China to Hyundais assembled in Georgia—is suddenly staring…

The Conversation

Friday essay: why it’s time to ditch the myth of the heroic billionaire

In February, the world’s richest man, Elon Musk, wielded a chainsaw at a conservative gathering as he gleefully spoke of his new role as head of the Department of Government Efficiency (DOGE), where he’ll soon reach his legal term limit. The chainsaw metaphor is brutally apt as he slashes government…

Fortune

Why Costco and Walmart are poised to weather the tariff war better than competitors

Two strategic advantages are building a tariff moat around Walmart and Costco.

Barchart

Dear Tesla Stock Fans, DOGE Reprieve Could Finally Be Coming as Soon as May 2025

Elon Musk could reportedly part ways from DOGE by the end of May. Wedbush analyst Dan Ives says it is good news for TSLA stock.

The Independent UK

‘Don’t retaliate!’ Trump’s treasury secretary begs other countries not to hit back at tariffs

Scott Bessent insisted that the initial market reaction to the tariffs would be a temporary rut on the way to ‘long-term growth’

Fortune

Tariffs don’t just mean economic pain for U.S. firms—they mean a whole lot of paperwork

Many firms will have their first encounter with the HTS classification system and posting surety bonds with CBP.

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