President Biden has promised that he will visit Baltimore “as soon as possible” where six people are still unaccounted for after a major bridge collapsed when a cargo ship hit it.
“People of Baltimore, we’re with you,” he said, as he added the search and rescue operation was a “top priority”.
The US president said the federal government will cover the “full cost” of rebuilding the bridge. He said it may emerge a private company was responsible for the disaster, but his government is “not going to wait” to begin the rebuilding process.
He told reporters at the White House: “It’s my intention that the federal government will pay for the entire cost of reconstructing that bridge and I expect Congress to support my effort.”
Mr Biden continued: “Everything so far indicates that this was a terrible accident. At this time have we no other indication, no other reason to believe there’s any intentional act here.
“Personnel on board the ship were able to alert the Maryland Department of Transportation that they had lost control of their vessel.”
The president added that this meant local authorities were able to close the bridge before it was struck which “undoubtedly saved lives”.
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He continued: “Our prayers are with everyone involved in this terrible accident and all the families (affected), especially those waiting for news of their loved one right now. I know every minute in that circumstance feels like a lifetime.”
The US president said the search and rescue operation remains the “top priority” but authorities will be working to get the port open again as soon as possible.
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The Port of Baltimore, which is accessed or departed by going underneath the bridge, is one of the US’ largest shipping hubs.
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2:30
Everything we know about the Baltimore bridge collapse.
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‘They thought it was an earthquake’
Mr Biden said 15,000 jobs depend on the port. “We’re going to do everything we can to protect those jobs,” he added.
He continued: “I’ve directed my team to move heaven and earth to reopen the port and rebuild the bridge as soon as humanly possible.”
The 1.6-mile long Francis Scott Key Bridge collapsed into the Patapsco River after it was hit by a 289m-long cargo ship at 1.30am local time (5.30am UK time) on Tuesday.
Six people remain unaccounted for after dramatic footage showed vehicles falling from the structure as the road surface and steel beams crashed into the water.
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Timeline of Baltimore bridge collapse
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Aerial view of Baltimore bridge crash
In an update on Tuesday afternoon, Wes Moore, governor of Baltimore, and Paul Wiedefeld, secretary of the Maryland Transport Authority, said those still missing are believed to be construction workers who were on the bridge fixing potholes.
Two people were rescued from the water with one of them described as being in a “very serious condition” in hospital. The other was not injured.
Baltimore fire department’s communications chief Kevin Cartwright has said there were multiple vehicles on the bridge when it was struck by the ship, one of which was the size of a tractor trailer.
Thousands of people gathered in various cities across the US as protests against Donald Trump and Elon Musk took place in all 50 states on Saturday.
Around 1,200 demonstrations were planned in locations including Washington DC, New York City and West Palm Beach, Florida – just miles away from where the US president has this weekend played golf.
The “Hands Off!” protests were against the Trump administration’s handling of government downsizing, human rights and the economy, among other issues.
In Washington DC, protesters streamed on the grass in front of the Washington Monument, where one person carried a banner which read: “Make democracy great again.”
Image: Thousands gathered in Washington DC to rally against various Trump policies. Pic: AP
Image: Pic: AP
Another protester took aim at Mr Trump‘s handling of Russia and Ukraine, with a placard that read: “Stop Putin’s puppets from destroying America.”
Tesla boss Mr Musk also featured on many signs due to his role in controversial government cuts as head of the newly created Department of Government Efficiency (DOGE).
Image: Demonstrators in NYC. Pic: AP
Image: People marching in Atlanta, Georgia. Pic: Reuters
Image: A rally in Vermont. Pic: The Brattleboro Reformer via AP
Terry Klein, a retired biomedical scientist, said she drove to the rally to protest Mr Trump’s policies on “everything from immigration to the DOGE stuff to the tariffs this week, to education”.
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“I mean, our whole country is under attack, all of our institutions, all the things that make America what it is,” she added.
Image: A drone view of the protest at the Utah State Capitol building. Pic Reuters
Image: A protester sports a Handmaid’s Tale costume. Pic: Reuters
Image: Pic: Reuters
Some at the various protests carried Ukrainian flags, while others sported rainbow attire and waved rainbow flags in support of the LGBTQ+ community.
Other protesters wore Palestinian keffiyeh scarves and carried “Free Palestine” signs.
Protesters refuse to take Donald Trump’s policies lying down
It was built to honour George Washington, a founding father of the United States.
And in the shadow of the 555ft Washington Monument, protestors were refusing to accept Donald Trump’s policies lying down.
“Stand tall,” they chanted, again and again.
“In every city, stand tall. In every state, stand tall. In truth, stand tall. In justice, stand tall.”
Those words, shouted by thousands on the city’s iconic mall, were reinforced by the words on their placards and t-shirts.
A minister, wearing a t-shirt with ‘Troublesome Priest’ printed on it, told me she found what was happening in the US government “appalling and immortal”.
One man said he had won the long-distance award, having travelled 2,750 miles from Hawaii for the protest.
“I finally reached a breaking point,” he added. “I couldn’t take it anymore.”
Another woman said: “We have to speak up, we have to act, we have to do something, because this is not America.”
I asked her what she would say to those who argue the people did speak when they elected Donald Trump as president.
She replied: “Some people have spoken and then some people have not and those of us that have not, we need to speak now.”
Thousands marched in New York City’s midtown Manhattan and in Boston, Massachusetts, while hundreds gathered in the sunshine outside the Utah State Capitol building in Salt Lake City, and in the rain outside the Statehouse in Columbus, Ohio.
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Mr Trump – who shook financial markets with his tariffs announcement this week – spent the day in Florida, playing a round of golf before returning to his Mar-a-Lago residence.
Image: People protest in Manhattan. Pic: Reuters
Image: Activists in Palm Beach Gardens, Florida. Pic: AP
Some four miles from Mar-a-Lago, more than 400 people gathered – and drivers honked their horns in support of protesters who held up signs including one which read: “Markets tank, Trump golfs.”
The White House has said Mr Trump plans to go golfing again on Sunday.
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.
While the UK’s FTSE 100 closed down 1.55% and the continent’s STOXX Europe 600 index was down 2.67% as of 5.30pm, it was American traders who were hit the most.
All three of the US’s major markets opened to sharp losses on Thursday morning.
Image: The S&P 500 is set for its worst day of trading since the COVID-19 pandemic. File pic: AP
By 8.30pm UK time (3.30pm EST), The Dow Jones Industrial Average was down 3.7%, the S&P 500 opened with a drop of 4.4%, and the Nasdaq composite was down 5.6%.
Compared to their values when Donald Trump was inaugurated, the three markets were down around 5.6%, 8.7% and 14.4%, respectively, according to LSEG.
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Worst one-day losses since COVID
As Wall Street trading ended at 9pm in the UK, two indexes had suffered their worst one-day losses since the COVID-19 pandemic.
The S&P 500 fell 4.85%, the Nasdaq dropped 6%, and the Dow Jones fell 4%.
It marks Nasdaq’s biggest daily percentage drop since March 2020 at the start of COVID, and the largest drop for the Dow Jones since June 2020.
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The latest numbers on tariffs
‘Trust in President Trump’
White House press secretary Karoline Leavitt told CNN earlier in the day that Mr Trump was “doubling down on his proven economic formula from his first term”.
“To anyone on Wall Street this morning, I would say trust in President Trump,” she told the broadcaster, adding: “This is indeed a national emergency… and it’s about time we have a president who actually does something about it.”
Later, the US president told reporters as he left the White House that “I think it’s going very well,” adding: “The markets are going to boom, the stock is going to boom, the country is going to boom.”
He later said on Air Force One that the UK is “happy” with its tariff – the lowest possible levy of 10% – and added he would be open to negotiations if other countries “offer something phenomenal”.
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How is the world reacting to Trump’s tariffs?
Economist warns of ‘spiral of doom’
The turbulence in the markets from Mr Trump’s tariffs “just left everybody in shock”, Garrett Melson, portfolio strategist at Natixis Investment Managers Solutions in Boston, told Reuters.
He added that the economy could go into recession as a result, saying that “a lot of the pain, will probably most acutely be felt in the US and that certainly would weigh on broader global growth as well”.
Meanwhile, chief investment officer at St James’s Place Justin Onuekwusi said that international retaliation is likely, even as “it’s clear countries will think about how to retaliate in a politically astute way”.
He warned: “Significant retaliation could lead to a tariff ‘spiral of doom’ that could be the growth shock that drags us into recession.”
It comes as the UK government published a long list of US products that could be subject to reciprocal tariffs – including golf clubs and golf balls.
Running to more than 400 pages, the list is part of a four-week-long consultation with British businesses and suggests whiskey, jeans, livestock, and chemical components.
Meanwhile, Prime Minister Sir Keir Starmer said on Thursday that the US president had launched a “new era” for global trade and that the UK will respond with “cool and calm heads”.
It also comes as Canadian Prime Minister Mark Carney announced a 25% tariff on all American-imported vehicles that are not compliant with the US-Mexico-Canada trade deal.
He added: “The 80-year period when the United States embraced the mantle of global economic leadership, when it forged alliances rooted in trust and mutual respect and championed the free and open exchange of goods and services, is over. This is a tragedy.”