Per an Axios breakdown: "The formula is to divide the U.S. trade deficit with each country by that country's exports to the U.S. The final reciprocal tariff was then divided by 2, with a minimum of 10% (which applies even to those countries with which the U.S. has a trade surplus)."

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The Opera House is set to reopen after five years to host two Liberation Day concerts as part of celebrations to mark the 80th anniversary of the end of the German occupation.The opening concert at the Grade II listed building featuring the Philharmonia Orchestra will include World War Two songs performed by Jersey singer Georgie Mae-Bishop.

Global markets plummeted Thursday after Trump announced his sweeping tariffs.S&P 500 futures fell 3%, signaling the benchmark index's nearly 5% first-quarter drop will continue.Gold briefly touched a new high,

In a chaotic week for nearly every industry in Washington, nothing embodied the oddness of the moment for Big Tech more than a single photo: the ultra-progressive former Federal Trade Commission Chair Lina Khan and ultra-conservative populist Steve Bannon posing, with tight-lipped smiles, together.

Liberation Day,” the ball is in the court of other countries to respond to President Donald Trump’s tariffs. The statement by European Commission President Ursula von der Leyen encapsulated [the mixed