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Donald Trump’s baseline tariff of 10% on products from all countries worldwide has taken effect.

The blanket tariff was announced by the US president on Wednesday evening, when his speech on so-called “Liberation Day” sent shockwaves across the global stock market as he unleashed sweeping taxes on imports.

Much higher tariffs against what Mr Trump branded as the “worst offenders”, such as a 20% rate for the EU and a 34% one for China, are set for 9 April.

A 25% tariff imposed on all foreign cars imported into the US came into effect on Thursday.

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How tariffs have impacted world’s richest men

The baseline tariff came into place as stock markets plummeted amid a trade war sparked by Mr Trump’s radical measures and China’s retaliatory tariffs of 34% on US imports from 10 April.

How markets reacted

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

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All three of the US’s major indexes, including The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, were down by more than 5% at market close on Friday, making for the worst day in American markets since the COVID-19 pandemic.

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

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As stock markets reeled, Mr Trump was largely out of public view at his golf course where he sent multiple defiant social media messages guaranteeing victory for the US economy.

One of his messages on Truth Social read: “Big business is not worried about the Tariffs, because they know they are here to stay, but they are focused on the BIG, BEAUTIFUL DEAL, which will SUPERCHARGE our Economy. Very important. Going on right now!!!”

How has the UK responded?

The UK will be affected by the 10% tariff.

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How did PM address Trump’s tariffs? Sky’s Beth Rigby explains

Prime Minister Sir Keir Starmer spoke to Australian Prime Minister Anthony Albanese and Italian Premier Giorgia Meloni, Downing Street said.

Issuing a read-out of their separate conversations on Friday, Number 10 said the leaders “all agreed that an all-out trade war would be extremely damaging”.

A spokesperson said the PM “has been clear the UK’s response will be guided by the national interest” and officials will “calmly continue with our preparatory work, rather than rush to retaliate”.

Read more:
Do Trump’s ‘Liberation Day’ tariff numbers add up?
Donald Trump announces sweeping global trade tariffs

U.S. President Donald Trump gestures as he disembarks Air Force One as he arrives at Miami International Airport in Miami, Florida, U.S., April 3, 2025. REUTERS/Kent Nishimura
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Mr Trump believes the tariffs will ‘supercharge’ the US economy. File pic: Reuters

The spokesperson added: “He discussed this approach with both leaders, acknowledging that while the global economic landscape has shifted this week, it has been clear for a long time that like-minded countries must maintain strong relationships and dialogue to ensure our mutual security and maintain economic stability.”

It is expected Sir Keir will take further calls with international leaders over the weekend.

Experts have predicted that UK economic growth – already expected to amount to just 1% this year – could be up to 0.5 percentage points lower than expected over coming years as a result of the tariffs.

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Cole Cooper death: Grieving mum alleges ‘third party’ involved

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Cole Cooper death: Grieving mum alleges 'third party' involved

The grieving mother of a Scottish teenager who vanished for almost five weeks has told Sky News she believes a “third party” was involved in her son’s death – but police say there’s “no evidence” of that.

Cole Cooper, 19, was discovered dead in woods near Falkirk earlier this month following a missing persons inquiry his relatives don’t believe was taken seriously enough by police.

He was last seen on CCTV in May after leaving a house party, but police later revealed a former school friend had spoken to Cole a few days later nearby.

Speaking exclusively to Sky News, his mother Wendy Stewart, 42, revealed her son had “various arguments” in the days and hours before he disappeared.

Wendy&Aimee
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Cole’s mum Wendy (L) and his aunt Aimee

In an emotional interview, she said: “He was only 19, he should never have been taken. I am never going to see him again. I never got a chance to give him a last cuddle and hold his hand.

“Someone has taken that away from me far too soon. Whether it be intentionally or unintentionally, I do believe there has been some involvement by a third party and the result is the death of Cole.”

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The family, who organised a local vigil in Cole’s memory last weekend, have vowed to get “justice”.

Asked what that means, Ms Stewart told Sky News: “Finding the culprit and getting justice that way. Finding the person that is responsible for the death of my child.”

Police previously said 400 residents were spoken to during door-to-door enquiries and more than 2,000 hours of CCTV footage was collected.

The 19-year-old’s death is being treated as “unexplained”, with a top police officer saying “at this time there is no evidence of any third party involvement”.

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Cole Cooper's mother Wendy Stewart, comforts her son Coby, 10 and daughter Casia, 11, during a vigil at the Glenskirlie Hotel in Banknock, f
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A vigil was held in Banknock for Cole Cooper. Pic: PA

Cole’s aunt Aimee Tennie, 32, revealed the family’s anger over the police handling of the case as they attempt to find out what happened.

She said: “We are aware of small details surrounding the weekend leading up to it with arguments. He had a few arguments over that weekend. We want the details re-examined thoroughly.”

Sky News put all of the family’s concerns and allegations to Police Scotland.

The force initially swerved our questions and responded saying: “Enquiries remain ongoing.”

In an update later on Wednesday morning, Detective Chief Inspector Bob Williamson said: “We are carrying out significant enquiries into Cole’s death, however, at this time there is no evidence of any third party involvement.

“It is vital that we establish the full circumstances leading up to Cole’s death so that we can provide some answers to his family.

“The thoughts of everyone involved in this investigation are very much with his family and friends and officers will continue to offer them support and keep them informed as our enquiries progress.”

Ms Stewart claimed the probe has been handled “shockingly” with a failure to take her son’s disappearance seriously.

The 42-year-old said: “I have had to scream and shout from rooftops to be heard by the police. I don’t think they have handled it well.

“The police really need to take accountability and listen to families, they are reporting a missing child and understand the family knows their child best.”

Cole’s loved ones still have not been told when his body will be released to allow them to lay him to rest.

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Sisters drowned in pools in Eryri (Snowdonia) National Park, inquest told

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Sisters drowned in pools in Eryri (Snowdonia) National Park, inquest told

Two sisters drowned in pools in Wales’s largest national park, an inquest has heard.

Hajra Zahid, 29, and Haleema Zahid, 25, were pulled from pools on the Watkin Path – one of the six main routes to the summit of Yr Wyddfa, or Snowdon, in North Wales on 11 June.

North Wales Police said officers were called to the scene in Eryri National Park, also known as Snowdonia, at 9.31pm after they received a report that a woman had been pulled from the water, and another was said to be in the pools.

Both sisters, who were born in Pakistan but lived in Maltsby, Rotherham, South Yorkshire, were pronounced dead at the scene before 11pm.

Inquests into their deaths were opened at the Dafydd Orwig Chamber in Caernarfon on Wednesday, and assistant coroner for north-west Wales, Sarah Riley, said they “sadly both died as a result of drowning”.

“Investigations continue in terms of how they came by their death and the inquest is therefore adjourned to allow for completion of those investigations,” she added, as she offered her condolences to the sisters’ family and friends.

The coroner said the siblings “had travelled to the Nant Gwynant area with friends from university”, with a friend later identifying the University of Chester students.

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Vice-chancellor of the University of Chester, Professor Eunice Simmons, said: “The University of Chester community is in mourning for the tragic loss of Haleema Zahid and Hajra Zahid and our heartfelt sympathies are with their families and friends during this incredibly difficult time.

“Haleema and Hajra had joined Chester Business School earlier this year on the Master’s in International Business course.

“They touched the lives of many here at Chester – their friends, the cohort on their course and the staff who taught them – and they will be deeply missed.”

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Kneecap rapper appears in court on terror charge – as protesters gather outside

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Kneecap rapper appears in court on terror charge - as protesters gather outside

A member of Irish-language rap group Kneecap has appeared in court in London after being charged with a terror offence – as hundreds of protesters gathered outside.

Liam O’Hanna, or Liam Og O hAnnaidh, is accused of displaying a flag in support of Hezbollah, a proscribed organisation in the UK, at a gig last year.

The charge against the 27-year-old, from Belfast, was brought last month after counter-terror officers assessed a video reported to be from a Kneecap concert at the O2 Forum in Kentish Town, London, on 21 November 2024.

O hAnnaidh arrived at Westminster Magistrates’ Court on Wednesday with bandmates Naoise O Caireallain and JJ O Dochartaigh, as a crowd of fans and supporters gathered with placards and flags outside.

Kneecap's Liam O'Hanna walks into court.
Pic PA
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O’Hanna (centre) arrived at court with his bandmates, including Naoise O Caireallain (below). Pics: PA

Kneecap's Moglai Bap (Naoise O Caireallain).
Pic PA

During a short appearance, O hAnnaidh confirmed his name and address, and was released on unconditional bail until his next hearing on 20 August.

Chief Magistrate Paul Goldspring told him he must attend court on that day.

Kneecap released their first single in 2017 and rose to wider prominence in 2024 following the release of their debut album and award-winning eponymous film – a fictionalised retelling of how the band came together and their fight to save the Irish language.

The group are known for their provocative lyrics and merchandise – and have been vocally opposed to Israel’s military action in Gaza.

O hAnnaidh performs under the stage name Mo Chara, while O Caireallain is known as Moglai Bap, and O Dochartaigh as DJ Provai.

Kneecap's Liam Og O Hannaidh leaves Westminster Magistrates' Court in London, through a crowd of supporters after he appeared charged with a terrorism offence. The 27-year-old from Belfast, who performs under the stage name Mo Chara and is also known as Liam O'Hanna, has been charged with a terrorism offence relating to displaying a flag in support of Hezbollah at a gig at the O2 Forum in Kentish Town on November 21. Picture date: Wednesday June 18, 2025. PA Photo. Photo credit should read: Jordan Pettitt/PA Wire
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Pic: PA

They have built a following for their hedonistic anti-establishment tracks, but their outspoken stance has proved polarising – prompting a surge in streaming for their songs and, at the same time, resulting in several of their gigs being cancelled this year.

Last year, they won a discrimination case against the UK government after Conservative leader Kemi Badenoch tried to refuse them a £14,250 funding award when she was business secretary.

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