Daily News

On Wednesday, US President Donald Trump unveiled his new global tariff plan, imposing a 10% tariff on all imports, and targeting dozens more countries with additional tariffs on what he called his “Day of Liberation”. So, with Trump’s economic plan set in motion - what will be the fallout? And what will happen next?

China has announced it will impose export controls on certain rare earth-related items. Additionally, starting April 10, China will apply a 34% tariff on all goods imported from the United States.

The Constitutional Court in South Korea has ruled that impeached President Yoon Suk-yeol be removed from office for his declaration of martial law late last year. The ruling on Friday now means the country must hold a presidential election within 60 days.

Speaking on board Air Force One, US President Donald Trump downplayed the significance of the recent market crash, expressing confidence in a strong economic rebound. His remarks come amid heightened concerns over financial instability and investor uncertainty. Trump remained optimistic, suggesting that the downturn was temporary and that the US economy would soon witness a major boom.

President Donald Trump has called it 'Liberation Day' - but world leaders say his new round of tariffs is likely to trigger a global trade war. The White House announced the tariff rates will vary depending on the country - but nearly nations will ultimately be affected. The move has led to fury in China, dismay in Europe and confusion around the globe. Trump says the tariffs are payback- a way to free the US from reliance on foreign goods and boost manufacturing at home. But for now, they are also fuelling fears of a recession and making global markets nervous. So how will the world economy manage? And will trading partners drift further away from America and build alliances elsewhere?

92 Palestinians have been killed by Israeli attacks across the Gaza Strip since Dawn on Thursday. In one of the latest attacks - Israeli airstrikes have targeted the Dar al-Arqam school in northeastern Gaza City. It was serving as a shelter for hundreds of displaced families. At least 21 people have been killed, and the death toll is expected to rise. Hundreds of forcibly displaced families were inside. Dozens of injured are trapped under rubble, and rescuers are struggling to pull them out. Some survivors have been transported to al-Ahli Hospital, where medical staff are also struggling with critical shortages of essential medicine. Women and children made up a significant portion of those sheltering at the school site.

With academics leaving the US, funding cuts looming over universities for alleged failures to combat antisemitism, and foreign students facing deportation for pro-Palestinian activism, the Trump administration’s policies are being felt at colleges across the United States. What’s behind the fixation on universities and what will be its long term impact on higher education in the US?

Arctic ice is melting fast, giving way to new and shorter shipping routes. Underneath that ice, there are billions of dollars worth of oil, gas and critical minerals. The scramble to control those resources has begun and Russia is in a prime position to exploit the region. President Vladimir Putin has recently warned of intensifying geopolitical competition there. This, after US President Donald Trump stepped up his threats to annex Greenland. However, Putin says he's ready to cooperate with the West in economic ventures there that will benefit all sides. Could Europe return to Russian energy?

The South China Sea is one of the most contested waterways in the world. Hundreds of kilometres from its mainland, China appears to be increasingly asserting its dominance in this strategically important maritime trade route. Many of the maritime disputes involve areas claimed by both the Philippines and Beijing. Flashpoints are becoming more frequent, including collisions between coastguard boats and other vessels.

Levies on China are being increased by an additional 34 points, to 54 percent. Japan and South Korea will be tariffed at 24 and 26 percent respectively. India, one of the US’s top trading partners, has been slapped with 26 percent.