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World prepares for worse as Trump announces new tariffs

It’s Trump’s so-called ‘liberation day’

Venture capital group could join last-gasp bid by allies of Donald Trump to take control of video app owned by ByteDance

Billionaire backs case brought by Coinbase client whose data was surrendered to authorities

Also in today’s newsletter, China launches military exercises around Taiwan, and Indonesia’s new sovereign wealth fund vows transparency

Rightwing media mogul makes windfall on paper as stock in lossmaking conservative cable TV channel soar

Environment Agency and Natural England to prioritise development as well as nature, says Steve Reed

Biggest inflow since onset of pandemic pushes bullion to fresh highs as traders hunt for haven assets

Spirits are low but indicators seem fine

National Labor Relations Board freezes pair of disputes after Crystal Carey nominated as agency’s general counsel

Case involving murder of Brian Thompson has unleashed fraught debates over country’s for-profit healthcare

Prime minister still hopes to secure a trade deal with the US president

EU and UK watchdogs act after finding multiple manufacturers co-ordinated positions on vehicle recycling

Main party in governing coalition dismisses US accusations of white minority oppression

Latest escalation against elite schools follows withdrawal of funding from Columbia and Harvard

Irish, Polish and US activists appeal rulings based on events at university sit-in against Israeli offensive in Gaza

Financial regulator’s submission to Supreme Court comes at start of pivotal three-day hearing

Agreement has security implications for joint military base with US on Indian Ocean archipelago

Years of conflict and repressive military rule will hamper earthquake relief

Aircraft carrier Shandong makes closest pass as Taipei seeks to strengthen preparedness

Craig Donaldson and David Arden mount legal challenge over fines meted out by Financial Conduct Authority

Dominion proposes 14% price increase for consumers in 2026 amid growing electricity demand from AI data centres

Policymakers in Beijing believe they will benefit from the destruction of America’s global credibility

Sir Keir Starmer may have to make concessions on Britain’s digital services tax and agriculture