Summary

  • Donald Trump says he has no plans to pause global tariffs as the world's stock markets experience another turbulent day

  • Speaking to reporters inside the Oval Office, Trump reiterates that he'll impose an extra 50% tariff on Beijing if it doesn't withdraw its retaliatory levy by midday tomorrow

  • If imposed, it could leave some US companies bringing in certain goods from China facing a 104% tax

  • It comes as Europe's biggest stock markets - including London's FTSE 100 - have all closed over 4% down

  • US markets - which saw big swings throughout the day - got a bit of a breather, as the tech-heavy Nasdaq managed to close in positive territory

  • The Dow Jones closed down 0.91%, while in its third consecutive day of losses, the S&P 500 fell 0.23%

Media caption,

Watch: Trump says US 'not looking into' pausing tariffs

  1. Trump administration talks tariffs on the Sunday showspublished at 20:17 British Summer Time 6 April

    Commerce Secretary Howard Lutnick passes a board listing countries, with the label Reciprocal Tariffs, to US President Donald Trump, who wears a suit and stands behind a podium. A US flag is in the background.Image source, Reuters

    White House officials said on Sunday dozens of countries had contacted Donald Trump to seek negotiations on the tariffs he announced last week.

    Several of them appeared on US networks' weekend political talk shows. Let's take a look at the latest comments from Trump officials on Sunday about when these tariffs might take effect:

    • When asked whether the tariffs were permanent or a negotiation tactic, Treasury Secretary Scott Bessent told NBC "that's going to be a decision for President Trump but I can tell you that...he's created maximum leverage for himself"
    • Commerce Secretary Howard Lutnick told the BBC's US partner, CBS News, "the tariffs are coming, of course they are" when asked whether there was the opportunity for negotiation
    • Earlier in the interview, when pressed on whether Trump was considering postponing the implementation of tariffs to negotiate, Lutnick said: "There is no postponing. They are definitely going to stay in place for days and weeks"
    • In response to a question about Vietnam's request for a 46-day delay to tariffs, Peter Navarro - a top adviser to President Trump - told Fox News "this is not a negotiation", but added: "We're always willing to listen"
    • When asked whether there is room for negotiations on CNN, Agriculture Secretary Brooke Rollins did not directly answer the question, instead saying: "We're two business days into this new American order, so I think we have a lot to be determined, but the president is resolute in his focus"

  2. Newscast discuss Trump's tariffspublished at 19:50 British Summer Time 6 April

    Today on Newscast Laura Kuenssberg and Jeremy Vine discuss the UK’s response to Trump’s tariffs after Chief Secretary to the Treasury Darren Jones said the era of globalisation has "ended".

    The hosts also address the reaction to Israel denying entry to two British Labour MPs - a move that was described as "unacceptable" by Foreign Secretary David Lammy, but was backed by leader of the opposition, Kemi Badenoch, who said: "countries should be able to control their borders."

    Listen to the full episode here.

  3. Watch: Thousands rally across the US in anti-Trump protestspublished at 19:21 British Summer Time 6 April

    Protesters gathered in cities across the US on Saturday to denounce President Donald Trump - the largest nationwide show of opposition since he took office in January.

    Thousands of people turned out in Boston, Chicago, Los Angeles, New York and Washington DC, among other cities.

    "We're coming together here because there's so many of us, so many people, are being harmed by the consequences of the callous, corrupt and chaotic Trump administration," protest organiser Rahna Epting says.

    You can listen to more voices on the ground here:

    Media caption,

    Thousands rally across the US in anti-Trump protests

  4. Trump posts video of golf swing and advisers' tariff defencespublished at 18:49 British Summer Time 6 April

    A car leaves Donald Trump's golf club in Florida as part of the president's motorcadeImage source, Reuters

    As our reporter traveling with Donald Trump has told us, the president has spent his weekend in Florida, where he participated in a golf tournament.

    In his first public communication of the day on Sunday, Trump has just posted a video to his Truth Social platform offering a glimpse of those golf plans.

    The seven-second clip shows the president swinging his club to send a golf ball soaring amid windy conditions and cloudy skies, as someone in the background shouts "Shot!"

    The video came minutes after the president also posted recaps of multiple advisors' and allies' appearances on the Sunday political talk shows defending the administration's tariff plans.

    He also posted a video from Fox News in which the hosts hit out at vandalism against Elon Musk's Tesla dealerships, which the Department of Justice recently said would be prosecuted as domestic terrorism.

    According to the pool reporters with the president, the White House has called a "lid" - meaning we shouldn't expect to hear more from Trump for the day.

  5. EU stands ready to impose counter-measures if necessary - bloc chiefpublished at 18:12 British Summer Time 6 April

    Extreme close up of Ursula Von der Leyen speaking into a microphone, a blue wall bearing the European Commission logo (EU flag in white rectangle) behind herImage source, Reuters

    The EU stands ready to defend its interests through proportionate counter-measures if necessary, says European Commission President Ursula von der Leyen, according to a read out of a phone call with UK PM Keir Starmer.

    During the call, she reaffirmed the EU's commitment to engaging in negotiations with the US, and expressed her "deep concern" over Trump's tariffs.

    According to a separate readout from Downing Street, Starmer spoke to German Chancellor Olaf Scholz and leader of the German Christian Democratic Union party Friedrich Merz, in addition to Von der Leyen.

    Starmer reiterated to them his disappointment over the tariffs, and "stressed he will continue to act in the UK's national interest", it says.

  6. What's happened since Trump's new tariffs were announced?published at 17:29 British Summer Time 6 April

    Earlier we brought you a timeline of President Donald Trump's actions on tariffs since his return to the White House in January.

    Now, let's take a look at what's happened since his self-proclaimed "liberation day" on 2 April, when he announced a swathe of fresh tariffs:

    • 3 April: Canada's Prime Minister Mark Carney says he will match the 25% levies on carmakers with a tariff on US-made vehicles that don't comply with an existing North American free trade agreement
    • 4 April: China announces it will impose a 34% tariff on all US imports, beginning 10 April. The stock market in the US saw its worst week since 2020 while the FTSE 100 in the UK plunged almost 5% - its steepest fall in five years
    • 5 April: The US begins collecting a 10% "baseline" tariff on all imports as Trump tells Americans to "hang tough" after the market turmoil. UK Prime Minister Keir Starmer says he's ready to step in to "shelter British business from the storm"
    • 6 April: Indonesia and Taiwan say they won't impose retaliatory tariffs while Israeli President Benjamin Netanyahu travels to Washington to meet Trump on Monday
  7. Top Trump adviser tells Americans to 'sit tight' after market turmoilpublished at 17:09 British Summer Time 6 April

    Stock brokers in blue jackets observe screens and laptops displaying the trend of the New York stock marketImage source, Getty Images

    A top trade adviser to Donald Trump has urged Americans “not to panic” and to “sit tight” until the market “find[s] its bottom".

    After this, Peter Navarro tells Fox News, there will be the “biggest boom in the stock market we’ve ever seen".

    • Some context: All three major stock indexes in the US plunged more than 5% on Friday, with the S&P 500 dropping almost 6%, capping the worst week for the US stock market since 2020
  8. 'The biggest self-inflicted wound in US economic history' - ex-US Treasury Secretarypublished at 16:47 British Summer Time 6 April

    Larry Summers wearing a suit and tie as he walks among a group of people inside a white room with golden details and golden wooden chairs with white cushioned seatsImage source, EPA

    Former US Treasury secretary Larry Summers says higher inflation is "almost inevitable" under Donald Trump's new trade order.

    “This is the biggest self-inflicted wound we've put on our economy in history," he tells ABC News.

    He projects that the loss to the US economy as a result of the tariffs would be comparable to oil prices doubling, adding: "We've never seen anything like this before."

    Summers says: "There's no one, virtually, who doesn't work for the president who thinks this is a good idea."

  9. Markets 'adjusting' to tariffs, says US agricultural secretarypublished at 16:31 British Summer Time 6 April

    US Agriculture Secretary Brooke Rollins, wearing a bright pink blazer, speaks to reporters.Image source, EPA

    US Agricultural Secretary Brooke Rollins is also talking tariffs today and she tells CNN that "markets are adjusting" to the tariffs imposed by US President Donald Trump.

    Her comments follow a sharp drop on Friday, when all three major US stock indexes fell more than 5%, marking the worst week for the US stock market since 2020.

    "We knew there would be uncertainty," she says. "The markets are adjusting any time you've got a strong leader who's looking at the long term."

    Rollins adds: "We've got 50 countries that are burning the phone lines into the White House up.

    "Right now, we're two business days into this new American order, so I think we have a lot to be determined."

  10. Lutnick: 10% base tariffs will stay in place 'for days and weeks'published at 16:18 British Summer Time 6 April

    Howard Lutnick is next asked during his interview with CBS News - the BBC's US partner - if the 10% "baseline" tariff on all countries is permanent.

    Lutnick does not answer the question directly, saying Trump will "protect the companies that invest here".

    Pressed again on this point, Lutnik says "they are definitely going to stay in place for days and weeks", adding that the president "needs to reset global trade".

  11. Lutnick defends tariffs on island populated by penguinspublished at 16:11 British Summer Time 6 April

    A group of penguins on a rocky beach overlooking the Antarctic sea at duskImage source, PA Media

    More now from the CBS News interview with US Commerce Secretary Howard Lutnick.

    He's asked why two tiny, remote Antarctic islands populated mostly by penguins and seals are among the obscure places targeted by the Trump administration's new tariffs.

    Lutnick denies that artificial intelligence (AI) was used to generate the tariffs plan, instead arguing that it was to close any "loopholes" for countries such as China to "ship through".

    Heard and McDonald Islands - a territory which sits 4,000km (2,485 miles) south-west of Australia - are only accessible via a seven-day boat trip from Perth, and haven't been visited by humans in almost a decade.

  12. Steeper reciprocal tariffs are coming, says Lutnickpublished at 15:59 British Summer Time 6 April
    Breaking

    Commerce Secretary Howard Lutnick close up as he stands with his back to a flag while inside the Oval Office in the White HouseImage source, Getty Images

    We can now bring you comments from US Commerce Secretary Howard Lutnick, who says the steeper tariffs due to be imposed on 9 April are "coming".

    • For context: The 10% "baseline" tariff on all imports to the US came into effect on 5 April. Higher custom tariffs on roughly 60 countries, dubbed the "worst offenders", are due to come in on 9 April

    In an interview with the BBC's US partner, CBS News, Lutnick is asked whether the more than 50 calls from countries to begin trade talks with the White House mean Trump's administration may be open to negotiation on the levies, or whether they are permanent.

    "They are coming, he announced it and he wasn't kidding. The tariffs are coming, of course they are," he says.

  13. Russia tariffs 'not appropriate' during Ukraine war negotiations - Trump officialpublished at 15:48 British Summer Time 6 April

    Close up Vladimir Putin in black suit, white shirt and dark blue tie with blue background behind himImage source, Getty Images

    Donald Trump's new tariffs apply to almost every country on Earth. But not Russia.

    Earlier, our Moscow correspondent reported that Russia sees this as an "important signal" towards better relations with the US.

    But NEC director Kevin Hassett tells ABC News it was "not appropriate" to target Russia with new tariffs during negotiations over the war in Ukraine.

    He also suggests the White House had not ruled out imposing tariffs on Moscow at a later date.

    "I think the president made the decision not to conflate the two issues," he says. "It doesn't mean that Russia, in the fullness of time, is going to be treated wildly different than every other country."

  14. Rise in prices not 'heavy burden' on consumers, says US officialpublished at 15:33 British Summer Time 6 April

    We’re hearing more now from National Economic Council Director Kevin Hassett, who says more than 50 countries are contacting the White House to talk about tariffs.

    Speaking to ABC News, he says there could be “some increase in prices” due to the new tariffs, but doesn’t believe there will be a “heavy burden” on US consumers.

    He also says President Trump’s announcement wasn’t part of a plan to pressure the US central bank into cutting interest rates by stirring up market turmoil.

    That follows Trump saying earlier this week that now would be the “perfect time” for the US central bank to cut rates, external.

    “He’s not trying to tank the market, he’s trying to deliver for American workers,” says Hassett.

  15. US treasury secretary: No reason to expect a recessionpublished at 15:15 British Summer Time 6 April

    U.S. Secretary of the Treasury Scott Bessent and Howard Lutnick stand as U.S President Donald Trump speaks, at the White House, in Washington, U.S. February 3, 2025.Image source, Reuters
    Image caption,

    Treasury Secretary Scott Bessent (left) pictured with Trump and Commerce Secretary Howard Lutnick (right) in the Oval Office in February

    We're now hearing the latest comment from another US official.

    Treasury Secretary Scott Bessent says he sees "no reason" to expect a recession as a result of Trump's tariffs.

    “I think we could see from the jobs number on Friday that was well above expectations that we are moving forward," he tells NBC's Meet the Press.

    Bessent also plays down the recent stock market dip after the tariffs announcement, calling it a "short-term" reaction.

    "This is an adjustment process," he says. "What we saw with President Reagan, when he brought down the great inflation and we got past the Carter malaise, that there was some choppiness at that time, but he held the course, and we're going to hold the course."

  16. More than 50 countries reaching out to negotiate, says US officialpublished at 14:53 British Summer Time 6 April
    Breaking

    Kevin HassettImage source, Reuters

    More than 50 countries have reached out to the White House to start trade talks since Trump's tariffs announcement, according to the director of the White House's National Economic Council.

    "They're doing that because they understand that they bear a lot of the tariff," Kevin Hassett tells ABC News.

  17. A timeline of Trump's tariffspublished at 14:35 British Summer Time 6 April

    Charts listing the country by country tariffs President Trump levied on 'Liberation Day' are displayed in the press briefing room at the White House in Washington, DC, USA, 03 April 2025Image source, EPA

    Trump has made dozens of interventions on tariffs in his second term. Here's a look at the current situation:

    1 February: Trump signs an executive order imposing 25% tariffs on goods imported from Canada and Mexico and a 10% tax on China

    4 February: The US president agrees to pause tariffs on Canada and Mexico but not on China

    9 February: Trump announces a 25% import tax on steel and aluminium entering the US, starting 12 March

    4 March: The 25% tariffs on imports from Canada and Mexico come into effect, but Trump limits the levy to 10% on Canadian energy. An extra 10% increase is implemented on all Chinese imports

    5 March: Trump temporarily spares carmakers from 25% import levies

    6 March: The president signs orders significantly expanding the goods exempted from his new tariffs on Canada and Mexico

    12 March: The president's blanket 25% steel and aluminium tariffs come into effect

    26 March: Trump announces new import taxes of 25% on cars and car parts coming into the US, which came into effect 2 April

    2 April: The US president announces a 10% "baseline" tariff on all imports to the US, coming into effect on 5 April. Higher custom tariffs on roughly 60 countries, dubbed the "worst offenders", will go into effect on 9 April, the White House says

  18. Will we hear from Donald Trump today?published at 14:16 British Summer Time 6 April

    Bernd Debusmann Jr
    Reporting from Florida

    Vehicles headed to Jupiter, Florida on 6 April as cars queue up on a highway bridge at the green lightImage source, Reuters

    Just a short while ago, I arrived to the town of Jupiter, Florida - where Donald Trump will be spending his morning.

    At the moment, there aren't any public events on the president's schedule this morning.

    We do know, however, that he's participating in a seniors golf tournament at his golf course here in town. The White House informed us yesterday that he'd won his second round matchup, and that he'd be playing in the championship round today.

    At 17:25 EST (22:25 BST), he's scheduled to depart from nearby Palm Beach to fly back to Washington DC.

    While he has no public remarks scheduled today, it is possible he comes back to speak to journalists on Air Force One.

    That was the case on the way down here, when he came back and answered our questions for about 20 minutes on a wide variety of topics - principally tariffs.

    Stay with us for more updates.

  19. Vietnam requests 46-day delay to tariffspublished at 13:58 British Summer Time 6 April

    Vietnam's To Lam delivers speech in black suit, white shirt and burgundy tie, two red and white flags in the blurred backgroundImage source, Reuters

    Vietnam's top leader, To Lam, has asked President Donald Trump to delay new tariffs on Vietnamese exports to the US by "at least 45 days", according to a letter seen by AFP and the New York Times.

    • For context, Trump has imposed a 46% duty on Vietnamese goods entering the US – the sixth-highest rate announced on Wednesday

    In the letter – which the BBC has not seen – To Lam urges Trump to assign a representative to work with Vietnam's deputy prime minister, Ho Duc Phoc, on resolving the issue.

    He also says he hopes to meet Trump in person in Washington at the end of May.

  20. Netanyahu touts 'personal connection' with Trump ahead of talkspublished at 13:43 British Summer Time 6 April

    Donald Trump (L) in a dark suit welcomed Benjamin Netanyahu (R) to the White House. Netanyahu is in a black suit, white shirt and red tie as he looks to the leftImage source, Getty Images
    Image caption,

    Netanyahu last visited Trump at the White House in February

    As we reported earlier, Israeli Prime Minister Benjamin Netanyahu is travelling to Washington DC to meet Donald Trump for talks on tariffs and other matters.

    Speaking to reporters as he boarded the plane, Netanyahu says he is "the first international leader that is meeting with Trump" since the new tariffs were introduced.

    He says this shows their "personal connection and the connection between our countries that is so essential in this time".