Markets tumble as US president unleashes global chaos with rates from 10% to 50% due to take effect next week
Trump tariffs – live updates
Leaders of more than 60 countries have been plunged into a fresh race to secure trade deals with the US after Donald Trump unleashed global chaos with sweeping new tariff rates.
Trump’s latest blitz triggered a wave of market jitters and fears for jobs in some of the poorest countries, as tariff rates were signed off ranging from 50% to 10%.
There was a minor reprieve that opened the door to further negotiations, after the White House said the updated tariffs would take effect on 7 August, not on Friday, the deadline previously set by Trump.
