09:23โขMarkets Crash As Trump Calls Tariffs "Medicine"
โจThe newspapers report on severe global market turmoil with the FTSE 100 plunging approximately 6% to its lowest level in a year (BBC, Daily Mail, Guardian, Independent, Mirror, Sky News, Times). Asian markets have been hit particularly hard, with Hong Kong's index closing down 13.2% and Taiwan's dropping 9.7% (BBC). Trump has defended his tariff policies, stating "sometimes you have to take medicine to fix something" (BBC, Guardian, Sky News, Mirror), while some financial experts warn of an impending "economic nuclear winter" (Sun, Times). Prime Minister Starmer continues his response to protect British interests amid the chaos (HuffPost UK).