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Donald Trump has been formally booked by authorities in Georgia over accusations that he conspired to overturn the results of the 2020 presidential election in the state.

The 77-year-old had his mugshot taken – an historic first for a former US president – and was booked in as inmate P01135809 as he was presented with 13 charges at Fulton County jail on Thursday afternoon local time.

It comes after the region’s District Attorney Fani Willis charged Trump and 18 of his close associates earlier this month.

It is Trump’s fourth set of criminal charges to be levelled against him since March, when he became the first former leader of the USA in history to be indicted.

During his brief visit to the jail, Trump had his photograph taken, was fingerprinted and had his personal details entered before he was released on bail.

Trump’s motorcade was then seen speeding away from the jail, past a group of supporters and members of the media waiting outside.

Speaking to reporters afterwards as he prepared to board his plane home, the Republican said it was a “very sad day for America”.

Trump also accused his political opponents of “election interference”, with the charges coming as he campaigns to return to the White House.

He added: “What has taken place here is a travesty of justice. We did nothing wrong. I did nothing wrong and everybody knows that. I’ve never had such support.”

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Trump’s lawyers and prosecutors had already agreed to a bond of $200,000 (£158,000), along with conditions that include a ban on him intimidating co-defendants, witnesses or alleged victims, including on social media.

The defendants in the case are facing a total of 41 charges related to accusations that they illegally tried to reverse Trump’s defeat in the state, which Joe Biden narrowly won in 2020.

Donald Trump arrives at Fulton County Jail, Georgia Pic: AP
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Donald Trump’s motorcade arrives at the county jail. Pic: AP

All of the accused have been charged with racketeering, which carries a penalty of up to 20 years in prison. Several of the defendants handed themselves in earlier this week, including Trump’s former lawyer Rudy Giuliani.

DA Willis said she hoped to get a trial date of 23 October and had given all of the defendants until Friday afternoon to surrender at the jail.

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Mr Trump has repeatedly denied any wrongdoing.

He wrote on social media earlier this week that he was being prosecuted over what he described as a “perfect phone call” when he asked the Republican secretary of state, Brad Raffensperger, to help “find 11,780 votes” for him to overturn his loss in Georgia.

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The 45th president avoided the Republican debates citing his lead in the opinion polls.

Trump may have to make a second trip to the state in the coming weeks for his arraignment – when a defendant appears in court for the first time. However officials said in some cases this can happen virtually if a judge allows.

Despite the charges, Trump remains the frontrunner to be the Republican Party’s candidate for the 2024 presidential election.

On Wednesday night he skipped a televised debate between eight of his party rivals and instead took part in an online interview in which he questioned whether Mr Biden would be physically capable of running in the campaign.

Among the various criminal charges facing Trump include allegations he kept national security documents at his Florida home when he left office.

He has also been accused of breaking the law over an alleged hush money payment to adult film actress Stormy Daniels during the 2016 presidential election campaign.

He claims the charges are all politically motivated.

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Trade war: Stock markets rally as Trump rows back on Fed and China threats

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Trade war: Stock markets rally as Trump rows back on Fed and China threats

Global stock markets and the dollar have rallied on hopes of two significant climbdowns by the Trump administration on issues blamed for a slump in values.

Remarks by the US Treasury secretary on punitive tariffs against China lifted the mood on Wall Street initially before the president himself moved to calm market trade war worries and also end speculation he could fire the head of the country’s central bank.

The Dow Jones Industrial Average and tech-focused Nasdaq Composite both ended Tuesday trading 2.7% up, erasing losses of the previous day.

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Asian markets later followed that lead, with the Hang Seng in Hong Kong gaining 2.4%.

European indices also saw a strong opening, with the FTSE 100 up by more than 1.2%. It was led higher by Asia-focused banks HSBC and Standard Chartered.

US futures suggested Wall Street would pick up where it left off, with further strong gains expected.

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The US dollar – badly hit by trade war implications in recent weeks – was at least a cent higher than a day earlier against many rival currencies including the pound.

The rally gathered steam on Tuesday evening when US Treasury secretary Scott Bessent told a private JPMorgan event that he expected a “de-escalation” in the spiralling spat with China.

It’s a fight that has seen US tariffs hit 145% and China responding with duties of 125%.

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Trump: Tariffs are making US ‘rich’

According to a transcript obtained by the Associated Press news agency, he told the audience: “Neither side thinks the status quo is sustainable”, but he added that peace talks were yet to start in earnest and could take time to bear fruit.

His boss later struck a similar tone in remarks to reporters when he said the final tariff rate with China would come down “substantially” from the current 145%.

“It won’t be that high, not going to be that high,” Mr Trump said, adding: “We’re doing fine with China… we’re going to live together very happily and ideally work together.”

He gave no hint that he plans to ease wider tariffs on trading partners, including the UK which is currently subject to 25% tariffs on car, steel and aluminium imports and a wider 10% “baseline” tariff.

But the president did row back on an apparent threat, made last week, to sack the chair of the Federal Reserve Jerome Powell in revenge for the US central bank holding off on interest rate cuts that could provide some stimulus to the tariff-hit economy.

Mr Powell has said the Trump administration’s protectionist policies have created uncertainty over growth and the threat of higher inflation.

The president has dismissed those arguments but told reporters: “I have no intention of firing him”.

Federal Reserve chair Jerome Powell speaks at the DealBook Summit in New York, Wednesday, Dec. 4, 2024. (AP Photo/Seth Wenig)
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Federal Reserve chair Jerome Powell was nominated for the role by Donald Trump in 2017. File pic: AP

His comments were widely seen as an attempt to calm financial market concerns that the independence of the country’s central bank was under threat.

Analysts cautioned there was a long way to go to recover values seen before the start of the trade war, with the Nasdaq remaining almost 16% down in the year to date alone.

US government borrowing costs also remain elevated.

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What IMF said about the UK economy

Not helping sentiment were big downgrades to global growth forecasts by the International Monetary Fund on Tuesday.

Michael Brown, senior research strategist at Pepperstone, said of the investor mood: “Participants understandably remain jittery, not only as the haven value of both Treasuries and the USD (US dollar) continue to be called into question, but also as a huge degree of trade uncertainty continues to linger.

“As a reminder, the whole concept of ’90 deals in 90 days’ is currently running at ‘0 deals in 14 days’ which, to be frank, doesn’t quite have the same ring to it.”

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Trump v Powell: What’s behind their spat?

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Trump v Powell: What's behind their spat?

Tensions between US President Donald Trump and US Federal Reserve chair Jerome Powell have hit a new high.

But why has the pair’s relationship deteriorated so badly? And what are the issues behind their spat?

Sky News correspondents Mark Stone and Paul Kelso take a closer look…

Powell’s independence is a problem for control-obsessed Trump

Mark Stone, US correspondent

The feud between Donald Trump and Jerome Powell is as predictable as it is serious.

Jerome ‘Jay’ Powell holds one of the most powerful and influential positions in the world.

As chair of the US Federal Reserve, he wields the levers which control global economic stability, such is the power of the US dollar.

A trader works on the floor at the New York Stock Exchange, as a screen broadcasts a live interview with US Federal Reserve Chair Jay Powell on 16 April 2025. File pic: Reuters
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A trader works on the floor at the New York Stock Exchange. File pic: Reuters

The position comes with a huge amount of autonomy. Fed independence is seen to be paramount.

For a full-control-obsessed president like Donald Trump, that’s a problem.

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The American president cannot tell the Federal Reserve chair what to do – and that is by design.

But Trump could fire Powell if he chose to – unprecedented as that would be.

You only need to look at the market reaction to Trump’s language about Powell for a hint at how his firing would impact the global economy.

“Powell’s termination can’t come fast enough,” Trump said last week.

On Monday, he called Powell a “major loser”. This schoolyard language has global economic implications.

The markets – including the all-important bond markets – reacted with sell-offs at the end of the day.

Donald Trump leaves the Rose Garden after announcing Jay Powell as his nominee to become chairman of the US Federal Reserve in 2017. File pic: Reuters
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Donald Trump leaves the Rose Garden after announcing Jay Powell as his nominee to become chairman of the US Federal Reserve in 2017. File pic: Reuters

Powell is a registered Republican. Trump hired him as Fed Reserve Chair during his first term but the relationship became fractious, fast.

Yet Trump did not remove him back then.

The position has a four-year term and President Joe Biden nominated him to a second term in 2022. That gives him until 2026.

Trump sees Powell increasingly as a barrier to his agenda. Trump’s ‘burn hot’ economy ideology does not align with Powell’s more pragmatic centrist ideology.

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He is unable to influence and bend Powell in the way that he has done with his own cabinet and members of Congress.

In his first term, Trump was talked out of removing Powell. But we know this second term is wholly different. He was talked away from the edge on many issues during his first term. This time, in many areas, he’s jumped.

Remember, Trump forced out two FBI directors – one in each term – because neither was considered to be loyal enough. The FBI, like the Federal Reserve, is considered traditionally to be independent.

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Could Trump make a deal with the UK?

Of course, the Federal Reserve has a profound global influence in a way the FBI, as an institution, does not.

The fed chair, with his role in setting interest rates and so much more, is arguably the last powerful, independent pillar of the economic policy structure in the US.

Congress has largely devolved its role to Trump and the executive branch, as illustrated by his tariff plans (which Congress could have influenced but chose not to).

Donald Trump’s removal of Jay Powell and replacement with a compliant loyalist could fundamentally shake the global economy.

Powell is one of the few reliable actors left defending economic stability in the US

Paul Kelso, business and economics correspondent

Donald Trump’s disparagement of Jay Powell as a “major loser” is not the first time he has insulted the man he appointed as chair of the US Federal Reserve in 2018.

The president appears to have had buyer’s remorse from the moment he approved the former investment banker to fill a post that is fundamental to US economic stability.

Trump was calling for the Fed to cut rates and stimulate the economy long before he was re-elected, but online barbs have more consequence when fired from the Oval Office than the campaign trail.

Equivalent to the Governor of the Bank of England, the chair of the Federal Reserve ultimately directs US monetary policy, including the setting of short-term interest rates, with the aim of maintaining high employment and stable inflation.

That makes Powell a crucial figure amid the chaos and incoherence of Trump’s economic policy, which in less than 90 days has shattered the certainties that made America the world’s largest economy, and the dollar the global reserve currency.

Jay Powell in Washington DC in March. File pic: Reuters
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Jay Powell speaks to the media in March. File pic: Reuters


The market reaction to Trump’s venting against Powell, and briefing that his administration is considering ways to remove him from office, suggests investors fear it will make a bad situation worse.

As traders returned from the Easter weekend with the president’s criticism of Powell ringing in their ears, the “Trump slump” deepened.

US stocks and the dollar fell, while yields on US Treasuries – the mechanism by which the government borrows money – rose, indicative of falling bond prices as investors dumped US debt.

Gold prices, meanwhile, hit a record $3,500 an ounce as investors piled into what remains the pre-eminent “safe haven” asset in times of uncertainty.

The combination of falling equity, currency and bond prices is a toxic trifecta more usually associated with emerging economies in political crisis, not the mighty United States.

We saw something similar here in 2022, when Liz Truss and Kwasi Kwarteng’s unfunded tax cuts, presented without an independent assessment from the Office for Budget Responsibility, caused a run on the gilt market.

Then it was the Bank of England that stepped in to stabilise the bond market.

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How will tariffs impact you?

What’s happening in the US is both bigger and more consequential.

Trump’s tariff program, seemingly imposed and withdrawn by presidential whim, has already proved disastrous for market sentiment, with expectations of higher inflation and lower growth, at home and globally, set to be confirmed by the International Monetary Fund in Washington this week.

Powell and the Fed are among the few reliable actors in this drama, with markets betting their next meeting in May will see rates held, in part because of inflationary policy made in the White House.

The prospect of Powell being replaced by a more pliant figure hand-picked by Trump would pull another block from the wobbling Jenga tower of US economic credibility.

The independence of the Fed is one of the foundations of American stability, an assumption that underpins the $29 trillion Treasuries market that makes the world’s debt go round.

If investors large and small, state and private, fear that the US is not good for that debt, it could be calamitous for American pre-eminence and the global economy.

Powell’s term ends in 2026 and he believes he cannot be removed by presidential decree.

That does not mean he will not face more pressure to stand aside.

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Elon Musk says his time working for Donald Trump’s administration will ‘drop significantly’ next month – as Tesla profits sink

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Elon Musk says his time working for Donald Trump's administration will 'drop significantly' next month - as Tesla profits sink

Elon Musk has said the time he spends with Donald Trump’s Department of Government Efficiency (DOGE) will “drop significantly” from May and he will allocate more time to Tesla.

It comes after first-quarter profits at Tesla sank as the company grapples with falling sales, partly due to President Trump’s tariffs.

As a special government employee, Mr Musk was limited to 130 days in his role at DOGE, which is primarily aimed at slashing federal spending.

But the cuts, which included axing government jobs, have divided the country and prompted a backlash against his company, including protests and attacks on Tesla showrooms, prompting Donald Trump to label the vandals “terrorists”.

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‘Elon Musk has got to go’

Tesla said on Tuesday that quarterly profits fell by 71% to $409m (£306.77m) from $1.39bn (£1.04bn) in the first quarter of 2024. Revenues were also well below forecasts, dropping 9% to $19.3bn (£14.5bn) between January and March.

The company’s value has plummeted since reaching a record high in mid-December. Since then, Tesla’s share price has fallen more than 50%.

Tesla’s share price has tumbled following the financial market turbulence caused by the global trade war tariffs, competition from Chinese EV rivals and concern over Mr Musk’s ability to give the firm the attention it requires.

More on Elon Musk

Mr Musk’s role as chief executive of the company was among the most common questions shareholders were asking about in a question-and-answer portal ahead of an investor call on Tuesday evening.

As well as his role at the top of Tesla, he is also the CEO of space exploration company SpaceX and owns social media company X, formerly known as Twitter.

President Donald Trump and Tesla CEO Elon Musk talk with to reporters near Tesla vehicles on the South Lawn of the White House Tuesday, March 11, 2025, in Washington. (Pool via AP)
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Donald Trump hired Elon Musk to help cut federal spending, but Tesla has faced a public backlash. Pic: AP

Musk has ‘lost focus’

An early Tesla investor Ross Gerber said in a recent interview with Sky’s Business Live that Mr Musk had lost his focus and was now too “divisive”.

There has been no clear sign of improvement at Tesla as much-awaited updates on making affordable cars and developing driverless technology left some questions unanswered.

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‘I think Tesla needs a new CEO’

Work on an affordable car remained “on track for start of production in the first half of 2025”, Tesla’s financial results said, but no details on a prototype were given.

Production of Tesla’s self-driving robotaxi, named Cybercab, is scheduled to start in 2026.

Tariffs harming outlook

Uncertainty was also evident in the outlook statement, which pointed to the harm tariffs could pose to the business.

“It is difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chains, our cost structure and demand for durable goods and related services,”

“The rate of growth this year will depend on a variety of factors, including the rate of acceleration of our autonomy efforts, production ramp at our factories and the broader macroeconomic environment”.

While Teslas are made in the US, there are also factories in China and Germany. Under the tariff regime, those car parts are subject to additional taxes when they enter America.

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