Tariffs newest: Trump’s 10% worldwide tariff kicks in as world leaders maintain talks over response

In case you’re simply catching up – this is the story in 250 phrases For the second day working, US markets have plummeted in response to the widespread international tariffs Donald Trump introduced on Wednesday. A tariff is successfully a tax on imported items – the White Home believes the US has been on the mistaken finish of those for many years and Trump claims his hope is that his coverage will encourage firms to fabricate contained in the US and thus “make America rich once more”. However the scale of the US president’s actions has brought about chaos within the international financial system. European and Asian…