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%

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

Live Reporting

Edited by Johanna Chisholm

  1. Four days on from Trump's tariff announcement, where do things stand?

    It’s been a dizzying few days since Donald Trump announced sweeping new global tariffs.

    In his “Liberation Day” speech, Trump said the tariffs would help bring manufacturing back to the US and boost tax revenues.

    Here’s what’s happened since:

    • Trump told Americans to “hang tough” after a 10% baseline tariff kicked in yesterday on US imports from countries including the UK, Brazil and the United Arab Emirates
    • Anti-Trump protests spread across the US on Saturday, with demonstrators criticising his trade policy and wider approach to government
    • Our North America correspondent Peter Bowes says it was the biggest day of anti-Trump protests since his return to the White House
    • Meanwhile, China urged the US to “stop using tariffs as a weapon”, while the British prime minister and French president agreed “nothing should be off the table” in their response
    • The tariffs are also affecting cars - Jaguar Land Rover is pausing shipments, while Nissan might move some of its production to the US
    • Markets tumbled on Friday, but some Trump supporters say the tariffs are “worth it”

  2. Trump stays defiant despite market unease and protests

    Welcome to our live coverage as we continue to follow the fallout from Trump's announcement of a wave of global tariffs.

    Writing in the Sunday Telegraph, UK Prime Minister Keir Starmer says he is prepared to use industrial policy to "shelter British business from the storm".

    This comes as companies rush to respond to new tariffs, including luxury car maker Jaguar Land Rover (JLR), which has confirmed it will pause shipments to the US after the White House introduced a 25% tariff on all car imports.

    Meanwhile, the US president struck a defiant tone, telling Americans to "hang tough" in the face of tariff pain, adding: "The end result will be historic."

    But his comments did little to calm the crowds of protesters, who've gathered in cities across the US in the biggest nationwide show of opposition since the president took office in January.

    We'll keep bringing you all the latest updates and reaction throughout the day.