UK and EU stock markets slump as Trump’s tariffs, including 104% on China, take effect – business live

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

Trump imposes new tariffs on dozens of partners, sparking fresh market turmoil

Rates on imports to US from dozens of countries rise further, with China hit by 104% tariffs

Ofcom’s first investigation to look into whether site took adequate measures to shield users from illegal content

Cork’s pharmaceutical industry, vital to the local economy, is at risk as US trade policies threaten small towns reliant on the sector

At the world’s largest wholesale market, vendors have reduced their exposure to the US but fear the repercussions of a global economic shock

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

Beijing vows to ‘fight to the end’ as president claims ‘many’ countries are seeking a deal with US

Bank says it still values inclusivity after bowing to Trump agenda by changing hiring and promotion policy

Just over 71,000 cars sold in first quarter as German manufacturer is silent on effect of US tariffs

Nirmala Sitharaman says turmoil forcing countries to seek accords beyond old ideological and political ties

Drink removed from draft list after lobbying from whiskey-making Ireland and wine-producing Italy and France

Musk’s unsuccessful attempts may be sign of growing rift between US president and tech billionaire

Wall Street rises after Treasury secretary says US can reach ‘some good deals’ with trading partners