Black as the devil, Hot as hell,
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Tariffs stoke global trade war
Plus, Hungary says it is withdrawing from the ICC.
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Daily Briefing
Daily Briefing
By Edson Caldas
Donald Trump's move to slap a 10% tariff on most goods imported to the US, as well as much higher levies on dozens of countries, has intensified a global trade war. Follow our live updates here.
US President Donald Trump smashed a more than 75-year-old global trading system with a new baseline 10% US tariff on goods from all countries and higher reciprocal tariff rates for nations that his administration says have high barriers to US imports.
For Trump, his tariff gamble brings a political risk. Experts say it will take years to rekindle US manufacturing, alter supply chains and bring home production, the goals Trump and his supporters suggest his tariffs will achieve.
In other business news
The euro zone economy saw a modest growth for a third month in March as the bloc's manufacturing industry showed signs of recovery and its dominant services industry expanded at a slightly faster pace than in February, a survey showed.
As the weekend deadline for TikTok to find a buyer approaches, bidders for the short-video social media site are piling up. Amazon and, separately, a consortium led by OnlyFans founder Tim Stokely are the latest to throw their hats into the ring.
The buy-now-pay-later firm Klarna is pushing through a still-thin pipeline toward an IPO. Despite a high-tech sheen, it's less tied to the big themes of the moment than recent disappointing offerings. In this week's Viewsroom podcast, Breakingviews columnists debate its prospects.
World News
A mother stands on a roadside waiting for a donation of relief supplies in Sagaing, Myanmar. REUTERS/Stringer
The death toll from Myanmar's earthquake has surpassed 3,000. Listen to Chief Correspondent Devjyot Ghoshal on the Reuters World News podcast to find out how the deadly quake might transform the political fortune of the country's ruling general.
NATO chief Mark Rutte and the new US ambassador sought to reassure European allies that Washington will remain committed to the Western military alliance despite harsh words from Trump.
Thousands of Haitians took to the streets in Port-au-Prince to express their anger against armed gangs that control nearly all of the capital and surrounding areas and the government's failure to hold them off.
US politics
Trump's approval rating fell to 43%, the lowest since his return to office, as Americans soured on his tariff moves and his administration's handling of information about a military strike in Yemen, a Reuters/Ipsos poll found.
A judge will hold a hearing today over whether the Trump administration violated his order temporarily blocking the deportation of alleged Venezuelan gang members under a rarely-invoked 18th century law.
Termination notices sent by Elon Musk's cost-cutting team to US Agency for International Development staff were so rife with errors that corrected versions are being issued to avoid affecting pensions and pay, according to five sources.
In Pictures
Cherry blossoms in peak bloom. REUTERS/Leah Millis
From Washington to London to Tokyo, we look at springtime cherry blossom trees in bloom around the world.
MI5 delves into the history of spying in a new London exhibition. REUTERS/Toby Melville
Britain's spy agency MI5 is revealing some secrets. In collaboration with host The National Archives and prepared over several years by the agency's own archivists, "MI5: Official Secrets" is giving the public the chance to see equipment and methods used over the agency's 115-year history.
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