‘Creating chaos and crisis’: Democrats slam Trump’s sweeping tariffs as global markets tumble – liveNEWS | 03 April 2025From 28m ago 08.31 EDT Lawmakers criticize Trump following new tariffs policy Democratic and Republican lawmakers are criticizing Donald Trump’s latest tariff policy reveal which prompted global stocks to fall sharply and for the US dollar to hit a six-month low on Thursday. Senate minority leader Chuck Schumer took to X and wrote: “54% tariffs on China, 10% tariffs on Iran, 0% tariffs on Russia,” adding a questioning emoji at the end. Meanwhile, Cory Booker, the New Jersey Democratic senator who broke record this week for delivering the longest speech in Senate history against Trump’s Republican agenda, posted news headlines of several Republican senators joining Democrats in voting to undo Trump’s Canada tariffs. “This is what happens when people speak up,” Booker wrote. Brian Schatz, the Democratic Hawaii senator, said: “I’ve never seen a president ruin the economy on purpose.” In response, the Democratic Connecticut senator Chris Murphy said: “This is the thing to understand. It’s all on purpose. Creating chaos and crisis.” The Republican Kentucky senator Rand Paul, who co-sponsored a bipartisan measure to undo Trump’s Canada tariffs, wrote on X: “The tariffs that Trump detailed Wednesday mark the most significant U.S. protectionist trade action since the 1930s, when Congress imposed tariffs on more than 20,000 goods and dug the U.S. economy deeper into the Great Depression.” Share Updated at 08.44 EDT
1m ago 08.58 EDT Eric Adams announced NYC mayor run as independent New York City mayor Eric Adams announced on Thursday that he will be leaving the Democratic party and will instead run for re-election as an independent. Adams' decision, which he announced in a 6-minute video on Thursday, comes after the dismissal of the federal corruption indictment against him. “I have always put New York’s people before politics and party – and I always will. I am running for mayor in the general election because our city needs independent leadership that understands working people,” Adams said amid record-low approval ratings. “There isn’t a liberal or conservative way to fix New York. There is a right way and a wrong way and true leaders don’t just know the right path, they have the guts to take it,” he added. For the full story, click here: Eric Adams announces run for New York City mayor as independent Read more Share
28m ago 08.31 EDT Lawmakers criticize Trump following new tariffs policy Democratic and Republican lawmakers are criticizing Donald Trump’s latest tariff policy reveal which prompted global stocks to fall sharply and for the US dollar to hit a six-month low on Thursday. Senate minority leader Chuck Schumer took to X and wrote: “54% tariffs on China, 10% tariffs on Iran, 0% tariffs on Russia,” adding a questioning emoji at the end. Meanwhile, Cory Booker, the New Jersey Democratic senator who broke record this week for delivering the longest speech in Senate history against Trump’s Republican agenda, posted news headlines of several Republican senators joining Democrats in voting to undo Trump’s Canada tariffs. “This is what happens when people speak up,” Booker wrote. Brian Schatz, the Democratic Hawaii senator, said: “I’ve never seen a president ruin the economy on purpose.” In response, the Democratic Connecticut senator Chris Murphy said: “This is the thing to understand. It’s all on purpose. Creating chaos and crisis.” The Republican Kentucky senator Rand Paul, who co-sponsored a bipartisan measure to undo Trump’s Canada tariffs, wrote on X: “The tariffs that Trump detailed Wednesday mark the most significant U.S. protectionist trade action since the 1930s, when Congress imposed tariffs on more than 20,000 goods and dug the U.S. economy deeper into the Great Depression.” Share Updated at 08.44 EDT
1h ago 07.31 EDT The World Trade Organization chief told member states on Thursday that it had received “many” questions about the impact of US president Donald Trump’s tariffs on trade and would respond to their questions, according to a letter. “Many of you have been in touch about the US announcement on tariffs, asking for the Secretariat to provide an economic analysis of the impact of these tariffs and any potential reaction on your trade,” director-general Ngozi Okonjo-Iweala wrote in a letter to ambassadors dated 3 April and seen by Reuters. “As we are a member-driven organization, the Secretariat will be responding to your questions,” she said, suggesting that states also discuss the issues with each other. Share
2h ago 07.04 EDT EU to vote next week on countermeasures to Trump tariffs European Union member states are set to vote on Wednesday April 9 on countermeasures to the United States’ steel and aluminum tariffs, a senior EU official, said on Thursday. The Commission’s proposal will be passed as long as it is not opposed by a qualified majority of 15 member states representing 65% of EU population. Share Updated at 07.44 EDT
2h ago 06.44 EDT Rubio tries to reassure wary allies of US commitment to Nato as Trump sends mixed signals US secretary of state Marco Rubio and the Trump administration’s new envoy to Nato are seeking to reassure wary Nato allies of the US commitment to the alliance. Rubio on Thursday decried “hysteria and hyperbole” in the media about president Donald Trump’s intentions despite persistent signals from Washington that Nato as it has existed for 75 years may no longer be relevant, AP reports. Rubio and newly confirmed US ambassador to Nato Matt Whitaker are in Brussels for a meeting of alliance foreign ministers at which many are hoping Rubio will shed light on US security plans in Europe. “The United States is as active in Nato as it has ever been,” Rubio told reporters as he greeted Nato chief Mark Rutte before the meeting began. “And some of this hysteria and hyperbole that I see in the global media and some domestic media in the United States about Nato is unwarranted.” “President Trump’s made clear he supports Nato,” Rubio said. “We’re going to remain in Nato.” “We want Nato to be stronger, we want Nato to be more visible and the only way Nato can get stronger, more visible is if our partners, the nation states that comprise this important alliance, have more capability,” he said. View image in fullscreen Marco Rubio, left, and Nato chief Mark Rutte talk to the press at Nato HQ in Brussels on Thursday Photograph: Wiktor Dąbkowski/ZUMA Press Wire/REX/Shutterstock Share Updated at 06.49 EDT
3h ago 06.28 EDT Guardian community team Donald Trump has unveiled his global tariffs on US trading partners including 10% on UK exports to the US, 20% on the EU and 34% on China. However, the US’s closest trading partners, Canada and Mexico, have been exempt from the latest round of tariffs. Wherever you are in the world, we’d like to hear how you might be affected by the tariffs. What preparations or changes are you making to your business? Do you have any concerns? Tell us how you might be affected by Trump’s global tariffs Read more Share
3h ago 06.13 EDT Donald Trump announced sweeping tariffs on some of its largest trading partners on Wednesday, upending decades of US trade policy and threatening to unleash a global trade war on what he has dubbed “liberation day”. Trump said he will impose a 10% universal tariff on all imported foreign goods in addition to “reciprocal tariffs” on a few dozen countries, charging additional duties on to countries that Trump claims have “cheated” America. The 10% universal tariff will go into effect on 5 April while the reciprocal tariffs will begin on 9 April. Trump news at a glance: sweeping tariffs announced; Musk could be nearing end of role Read more ShareAuthor: Tom Ambrose. Maya Yang. Source
