Category: Business

Donald Trump has announced a 10 per cent global tariff on “all countries” to replace ones struck down by the Supreme Court, calling the ruling “terrible” and branding the justices who rejected his trade policy as “fools”.
The US president’s “reciprocal tariffs”, imposed on most of the rest of the world last April under an emergency powers law, were overturned by the US Supreme Court on Friday in a major blow to the president’s economic agenda.
But he doubled down on imposing levies following the decision, claiming the court “has been swayed by foreign interests” and other countries were “dancing in the streets, but they won’t be dancing for long, that I can assure you”.
The UK scrambled to respond in the wake of the announcement, with ministers saying they expect the country’s “privileged trading position with the US” to continue following the Supreme Court’s ruling.
The UK received the lowest tariff rate of 10 per cent, and a subsequent deal struck by Sir Keir Starmer and Mr Trump saw..

Residents in Australia’s Victoria state were told to flee on Saturday after an out-of-control bushfire tore through steep, forested country.
The blaze began on Thursday night near Gaffneys Creek, located about 50 km northeast of state capital Melbourne.
Victorian emergency services issued the state’s highest alert for residents around the A1 Mine Settlement after the fire moved rapidly along ridgelines, leading to road closures.
“Leaving immediately is the safest option, before conditions become too dangerous,” Victoria Emergency said on its website.
State response controller Alistair Drayton told ABC News that the bushfire was burning in “remote mountainous terrain which is difficult for crews to access from the ground”.
Firefighters had managed to contain the fire’s western edge, but they were still working round-the-clock to bring it under control.
“The fire is burning in complex and steep terrain, with crews working around the clock. They are using heavy machinery to build contain..