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15.06.2025Day Markets Tumbled as China Retaliated

Markets continued their nosedive for a second day, with the FTSE 100 suffering its biggest drop since the pandemic. Morning reports showed Asian markets extending losses while Trump falsely claimed Starmer was "happy" with UK tariffs, prompting ministerial rebuke.

By mid-morning, China announced 34% retaliatory tariffs on US goods effective April 10, triggering further market plunges. Trump doubled down, saying China "played it wrong" and insisting his "policies will never change," despite the $2.5 trillion already wiped from Wall Street. The US Federal Reserve warned of higher inflation and slower growth.

Meanwhile, Russell Brand was charged with rape and sexual assaults against four women over a six-year period, breaking his silence in the afternoon to claim he was "a sex addict but never a rapist." Evening reports detailed he was charged by post while in Florida but would return to face allegations.

South Korean President Yoon Suk Yeol was also unanimously removed from office following impeachment. HEBREWSUMMARY: Not applicable LOCALSUMMARY: Markets continued their nosedive for a second day, with the FTSE 100 suffering its biggest drop since the pandemic. Morning reports showed Asian markets extending losses while Trump falsely claimed Starmer was "happy" with UK tariffs, prompting ministerial rebuke.

By mid-morning, China announced 34% retaliatory tariffs on US goods effective April 10, triggering further market plunges. Trump doubled down, saying China "played it wrong" and insisting his "policies will never change," despite the $2.5 trillion already wiped from Wall Street. The US Federal Reserve warned of higher inflation and slower growth.

Meanwhile, Russell Brand was charged with rape and sexual assaults against four women over a six-year period, breaking his silence in the afternoon to claim he was "a sex addict but never a rapist." Evening reports detailed he was charged by post while in Florida but would return to face allegations.

South Korean President Yoon Suk Yeol was also unanimously removed from office following impeachment.
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