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It was the first time the people of Lahaina had been allowed to return since wildfires laid ruin to their town three days ago.

A queue of cars, hours long, waited at the police checkpoint to show their documents.

Once cleared, they travelled the winding highway, under a tunnel cutting through the lush west Maui mountains and into town. Some were on mopeds, others in the back of pick-up trucks, wind whipping as they passed a series of picture postcard beaches.

They had been told to brace themselves for the scale of the devastation. But for many, what awaited them on arrival was even worse than they expected.

Front Street had been the beating heart of Lahaina, full of cafes selling shaved ice, hip bars and well regarded restaurants. But it wasn’t just a tourist town, it was an idyll for 13,000 locals.

Burnt out cars are everywhere
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Burnt out cars are everywhere

Ryan Nakagowa has lived here his whole life and returns with his family to see the damage on the ground. They’re wearing masks to protect themselves from the acrid smoke filling the air. Much of the wreckage is still smouldering.

“It really feels like a bomb has been dropped,” he says, “I feel like if you pinched me right now and I would wake up, probably better off. But this is the reality, unfortunately.”

Fires in Lahaina. Pic:AP
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The fires began on Tuesday. Pic:AP

Mr Nakagowa is wrestling with how to tell his five-year-old daughter that her school has burned down.

Meanwhile, his sister Natalie is reminiscing.

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There are toxic fumes in the air after the fire
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There are toxic fumes in the air after the fire

“Everyone who came here, it was their happy place,” she says, “And now everything we know is gone. I can’t go to the gelato shop anymore.

“I can’t go to the bars we used to go to. There was bingo nights and trivia nights and such a big sense of community. Although we still have that sense of community, it’s not going to be the same for a while.”

There is little joy to be found in the ruins but Natalie tries. “Want to see what the top-rated trip advisor restaurant in Hawaii looks like?” she asks, pointing to a pile of twisted metal.

A bar owned by rocker Mick Fleetwood, of Fleetwood Mac, is still standing but has been torched, charcoal black on the outside and hollowed inside.

The fire that obliterated Lahaina was hot enough to turn metal into molten silver lava which now decorates the roads. In the ruins of what was the art gallery, a statue of an elephant and a model whale have survived.

The alerts did not go off when the fire started
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The alerts did not go off when the fire started

‘Everything we had in the past is gone’

Down the street, sisters Christie Gagala and Abigail Ang are sifting through the remains of a place they have called home for almost two decades. Their dad built it and they lived here with 16 family members. They sob as they realise there is little to be retrieved.

“We lost everything,” says Christie, “thank God we still have each other and we’re all alive and safe and accounted for. We’re the only things we have now, because everything that we had in the past is gone.”

The US Army goes from house to house, searching the debris, marking the pavement with a spray painted orange cross once a search in completed.

Questions are mounting for authorities about their response to the wildfires. There is an outdoor emergency alert system on Maui, designed for circumstances like this but, for whatever reason, it was not activated on Tuesday afternoon.

It will cost billions to rebuild the town
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It will cost billions to rebuild the town

“I hear there were no sirens that went off,” says Charles Offenbach, a local who lost his home in the fire, “We just had to know that ourselves. It was fight or flight with no warning whatsoever. And it spread in the matter of minutes.”

Some ran out of time. Near the harbour, the scene is apocalyptic. The shells of dozens of burnt out cars are moody against the sparkling, turquoise ocean. The occupants, it seems, abandoned their vehicles and jumped into the sea when they were unable to escape the flames by road.

Restaurants have been destroyed
Image:
Restaurants have been destroyed

Annelise Cochran was in the water for six hours with her neighbour, Edna. Burns from the flames cover her face.

“We were going in and out of consciousness,” she says, “we were hallucinating and holding hands and telling each other to wake up. Every once in a while we would get out of the water or go back up towards the fire just to warm our bodies.”

She, too, thinks the authorities were ill prepared. “There was no warning,” she says, “I was not told a single thing, I got no message, no alarm, nobody told me my house would be burned down or that my friends will be dying in front of me. And I understand that there’s no power, but that’s what an emergency system is for.”

As the number of dead rises by the day, the sense of loss swells and so too does the scrutiny of the response.

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Stock markets slump for second day running after Trump announces tariffs – in worst day for indexes since COVID

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Stock markets slump for second day running after Trump announces tariffs - in worst day for indexes since COVID

Worldwide stock markets have plummeted for the second day running as the fallout from Donald Trump’s global tariffs continues.

While European and Asian markets suffered notable falls, American indexes were the worst hit, with Wall Street closing to a sea of red on Friday following Thursday’s rout – the worst day in US markets since the COVID-19 pandemic.

As it happened: Worst week’s trading in five years

All three of the US’s major indexes were down by more than 5% at market close; The Dow Jones Industrial Average plummeted 5.5%, the S&P 500 was 5.97% lower, and the Nasdaq Composite slipped 5.82%.

The Nasdaq was also 22% below its record-high set in December, which indicates a bear market.

Read more: What’s a bear market?

Ever since the US president announced the tariffs on Wednesday evening, analysts estimate that around $4.9trn (£3.8trn) has been wiped off the value of the global stock market.

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Mr Trump has remained unapologetic as the markets struggle, posting in all-caps on Truth Social before the markets closed that “only the weak will fail”.

The UK’s leading stock market, the FTSE 100, also suffered its worst daily drop in more than five years, closing 4.95% down, a level not seen since March 2020.

And the Japanese exchange Nikkei 225 dropped by 2.75% at end of trading, down 20% from its recent peak in July last year.

Pic: Reuters
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US indexes had the worst day of trading since the COVID-19 pandemic. Pic: Reuters

Trump holds trade deal talks – reports

It comes as a source told CNN that Mr Trump has been in discussions with Vietnamese, Indian and Israeli representatives to negotiate bespoke trade deals that could alleviate proposed tariffs on those countries before a deadline next week.

The source told the US broadcaster the talks were being held in advance of the reciprocal levies going into effect next week.

Vietnam faced one of the highest reciprocal tariffs announced by the US president this week, with 46% rates on imports. Israeli imports face a 17% rate, and Indian goods will be subject to 26% tariffs.

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Do Trump’s tariffs add up?

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Markets gave Trump a clear no-confidence vote
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China – hit with 34% tariffs on imported goods – has also announced it will issue its own levy of the same rate on US imports.

Mr Trump said China “played it wrong” and “panicked – the one thing they cannot afford to do” in another all-caps Truth Social post earlier on Friday.

Later, on Air Force One, the US president told reporters that “the beauty” of the tariffs is that they allow for negotiations, referencing talks with Chinese company ByteDance on the sale of social media app TikTok.

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Tariffs: Xi hits back at Trump

He said: “We have a situation with TikTok where China will probably say, ‘We’ll approve a deal, but will you do something on the tariffs?’

“The tariffs give us great power to negotiate. They always have.”

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Financial markets were always going to respond to Trump tariffs but they’re also battling with another problem

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Financial markets were always going to respond to Trump tariffs but they're also battling with another problem

Global financial markets gave a clear vote of no-confidence in President Trump’s economic policy.

The damage it will do is obvious: costs for companies will rise, hitting their earnings.

The consequences will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.

Tariffs latest: FTSE 100 suffers biggest daily drop since COVID

Financial investors had been gradually re-calibrating their expectations of Donald Trump over the past few months.

Hopes that his actions may not match his rhetoric were dashed on Wednesday as he imposed sweeping tariffs on the US’ trading partners, ratcheting up protectionism to a level not seen in more than a century.

Markets were always going to respond to that but they are also battling with another problem: the lack of certainty when it comes to Trump.

More on Donald Trump

He is a capricious figure and we can only guess his next move. Will he row back? How far is he willing to negotiate and offer concessions?

Read more:
There were no winners from Trump’s tariff gameshow
Trade war sparks ‘$2.2trn’ global market sell-off

These are massive unknowns, which are piled on to uncertainty about how countries will respond.

China has already retaliated and Europe has indicated it will go further.

That will compound the problems for the global economy and undoubtedly send shivers through the markets.

Much is yet to be determined, but if there’s one thing markets hate, it’s uncertainty.

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Court confirms sacking of South Korean president who declared martial law

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Court confirms sacking of South Korean president who declared martial law

South Korea’s constitutional court has confirmed the dismissal of President Yoon Suk Yeol, who was impeached in December after declaring martial law.

His decision to send troops onto the streets led to the country’s worst political crisis in decades.

The court ruled to uphold the impeachment saying the conservative leader “violated his duty as commander-in-chief by mobilising troops” when he declared martial law.

The president was also said to have taken actions “beyond the powers provided in the constitution”.

Demonstrators who stayed overnight near the constitutional court wait for the start of a rally calling for the president to step down. Pic: AP
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Demonstrators stayed overnight near the constitutional court. Pic: AP

Supporters and opponents of the president gathered in their thousands in central Seoul as they awaited the ruling.

The 64-year-old shocked MPs, the public and international allies in early December when he declared martial law, meaning all existing laws regarding civilians were suspended in place of military law.

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The Constitutional Court is under heavy police security guard ahead of the announcement of the impeachment trial. Pic: AP
Image:
The court was under heavy police security guard ahead of the announcement. Pic: AP

After suddenly declaring martial law, Mr Yoon sent hundreds of soldiers and police officers to the National Assembly.

He has argued that he sought to maintain order, but some senior military and police officers sent there have told hearings and investigators that Mr Yoon ordered them to drag out politicians to prevent an assembly vote on his decree.

His presidential powers were suspended when the opposition-dominated assembly voted to impeach him on 14 December, accusing him of rebellion.

The unanimous verdict to uphold parliament’s impeachment and remove Mr Yoon from office required the support of at least six of the court’s eight justices.

South Korea must hold a national election within two months to find a new leader.

Lee Jae-myung, leader of the main liberal opposition Democratic Party, is the early favourite to become the country’s next president, according to surveys.

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