Sky News cut to breaking news this weekend as host Anna Jones delivered a major update on Donald Trump’s new trade policies. The former US president’s 10% global baseline tariffs officially took effect, sending shockwaves through international markets.
“Global markets have plummeted, with many recording their worst week since the start of the pandemic,” Jones reported. She added that Trump had claimed businesses weren’t concerned about the tariffs, saying they “know they’re here to stay.”
The move has triggered rapid responses worldwide, with China imposing retaliatory tariffs and calling Trump’s actions “typical unilateral bullying.” Footage showed Trump casually golfing while continuing to post defiant messages on social media.
“CHINA PLAYED IT WRONG, THEY PANICKED,” he wrote on X (formerly Twitter), urging Americans to “hang tough” as stock markets in the US, Europe, and the UK suffered sharp declines.
US Secretary of State Marco Rubio downplayed the economic impact, calling it a market adjustment to a “dramatic change in the global order.” He argued that companies reliant on Chinese manufacturing would naturally see stock dips as production costs rise.
Analysts now expect China to shift its trade partnerships away from the US, with one expert stating the country has “no other options” following the tariff escalation.
The developments mark a significant escalation in global trade tensions, with markets bracing for further volatility.
