Kevin Hassett claims tariffs will not have a big effect on US consumers and there will be no ‘political coercion’ over interest rates

Starmer orders economic reset amid Trump’s tariff mayhem

Indonesia, Southeast Asia’s largest economy which faces a 32% tariff rate, said it will not retaliate against the levies and would instead pursue diplomacy and negotiations to find mutually beneficial solutions. Jakarta has said it would send a high-level delegation to the US for direct negotiations with the government.

Cambodia asked the US government on Friday to postpone the 49% tariff rate on its products, the highest rate in Asia and second-highest globally.

Vietnam’s leader To Lam and Donald Trump agreed on Friday to discuss a deal to remove tariffs (Vietnam will be subject to a 46% tariff).

Brazil, which faces a 10% levy on its exports to the US, has said its “government is evaluating all possible actions to ensure reciprocity in bilateral trade, including resorting to the World Trade Organization, in defense of legitimate national interests”.

Taiwan’s top financial regulator said this morning it will impose temporary curbs on short-selling of shares to help deal with potential market turmoil brought resulting from the new import tariffs. Taiwan’s government said on Thursday that the new 32% tariff rate levied on the island were unreasonable and it would discuss them with Washington.

China has hit back hard against Trump’s imposition of 34% tariffs on Chinese goods, which were already subject to a 20% levy, taking the total levy to 54%. Beijing in turn announced a slew of countermeasures, including extra levies of 34% on all US goods and export curbs on some rare earth minerals.

Canada announced a limited set of counter measures against the latest US tariffs. The new Canadian prime minister Mark Carney said the government will copy the US approach by imposing a 25% tariff on all vehicles imported from the US that are not compliant with the US-Mexico-Canada trade deal (Canada and Mexico were exempt from Trump’s latest duties because they are still subject to a 25% tariff related to the US fentanyl crisis for goods that do not comply with the US-Mexico-Canada rules of origin). Carney says Canada will retaliate against “unjustified, unwarranted” tariffs.

The Israeli prime minister, Benjamin Netanyahu, is set to travel to Washington to meet with his close ally, US president Donald Trump.

Labour ‘gobsmacked’ by Tory leader ‘cheerleading’ decision to deport Yuan Yang and Abtisam Mohamed

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Labour and the Tories have become embroiled in a war of words after the Conservative leader, Kemi Badenoch, defended Israel’s decision to deny two MPs entry into the country and deport them.

The UK foreign secretary, David Lammy, criticised the decision to expel the Labour MPs Yuan Yang and Abtisam Mohamed, and said he had taken the matter up with the Israeli government.

Emergency crews deploy helicopters to douse flames as blaze reaches Loch Doon after change in wind direction

Emergency services are continuing to battle a wildfire that started in Galloway, south of Scotland, and has spread north into East Ayrshire, forcing the evacuation of walkers and wild campers.

The blaze started in the Newton Stewart area on Friday, then spread northwards over the weekend after a change in wind direction to reach Loch Doon. Residents living nearby were advised to keep windows and doors closed and police told people to avoid the area.

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Fun fact: at least one Manchester club has finished in the top three in every Premier League season but one – 2015-16, when Leicester, Arsenal and Tottenham were on the podium. City have work to do to keep that record alive this season.

Here’s Pep Guardiola on Kevin De Bruyne: “Of course there’s emotion, one decade here, but I’m pretty sure he’ll be focused on what he needs to do.” On Omar Marmoush: “He has done well, his numbers, movement off the ball and getting in behind.” And on Nico O’Reilly: “Nico is young, he has to improve but he has great physicality and is strong at set pieces.”

Lawsuit would be first of its kind against police officers, police chiefs and government departments

More than 100 relatives of people who have died after contact with the police in the UK since 1971 have joined plans for a class action lawsuit in pursuit of compensation and justice.

The plan for group legal action was announced at the People’s Tribunal on Police Killings, a two-day event in which bereaved families presented evidence to a panel of international experts on how their relatives died and the long-term impact this has had on them.

Energoatom CEO, Petro Kotin, says ‘major problems’ need to be overcome before it can safely generate power

It would be unsafe for Russia to restart the occupied Zaporizhzhia nuclear plant and would take Ukraine up to two years in peacetime if it regained control, the chief executive of the company that runs the vast six-reactor site has said.

Petro Kotin, chief executive of Energoatom, said in an interview there were “major problems” to overcome – including insufficient cooling water, personnel and incoming electricity supply – before it could start generating power again safely.

Craig Donaldson challenging ruling by UK regulator, which accused him of misleading investors over £900m accounting blunder

The former chief executive of Metro Bank says he has been made “untouchable”, advised to move to Australia and even had trouble opening bank accounts after the UK regulator accused him of misleading investors over a £900m accounting blunder.

Craig Donaldson, who resigned in 2019, told the upper tribunal in London that both his career and personal finances had suffered as a result of the Financial Conduct Authority’s (FCA) 2022 ruling.

Just 2% of total penalties paid, raising concerns about agency given new powers to fight economic crime

The UK government agency responsible for overseeing a national register of companies has collected just £1,250 in fines after being given new powers to crack down on corruption, it has emerged.

Companies House is implementing a series of reforms, amid embarrassing revelations about fraudsters and jokers signing up to the corporate register with names such as “Darth Vader” and “Santa Claus”.

Internal investigation cleared the national security adviser Mike Waltz, but the mistake was months in the making

Donald Trump’s national security adviser Mike Waltz included a journalist in the Signal group chat about plans for US strikes in Yemen after he mistakenly saved his number months before under the contact of someone else he intended to add, according to three people briefed on the matter.

The mistake was one of several missteps that came to light in the White House’s internal investigation, which showed a series of compounding slips that started during the 2024 campaign and went unnoticed until Waltz created the group chat last month.

British-born painter Sarah A Boardman disputes US president’s claim that she ‘purposefully distorted’ his image

The British artist called “truly the worst” by the US president, Donald Trump, after he derided a portrait she created of him, has said the criticism called her “integrity into question” and is threatening her career.

Sarah A Boardman painted Trump’s official portrait for the Colorado state capitol building in Denver, where it hung for six years from 2019.