The US stock market saw a sharp decline following President Donald Trump’s announcement of sweeping global tariffs. Major corporations, including Nike, Apple, and Amazon, experienced drops in their share prices as investors reacted to the news. Despite the market turbulence, the White House urged Wall Street to remain confident, stating that the administration’s economic strategy would ultimately benefit the country.

The tariffs, set at 10%, will apply to most countries, including the UK, starting this Saturday. Some of America’s largest trading partners will face even higher rates beginning April 9. The decision has drawn swift responses from key international allies, with Canada moving to impose retaliatory tariffs of 25% on American goods.

In the UK, the government has reportedly prepared a 400-page list of potential tariff targets. According to political analyst Henry Zeffman, this move signifies a hardening of opposition leader Keir Starmer’s stance on US-UK trade relations. Meanwhile, the BBC has been addressing public concerns about whether the UK is seeing any economic advantages from Brexit and how these new tariffs will impact British businesses and consumers.

With tensions escalating in global trade, the coming weeks are expected to bring further economic uncertainty as nations react to the US tariff measures.