Trump news at a glance: Tariffs send US markets tumbling to worst day since Covid crash

Dow, S&P and Nasdaq among markets feeling share price pain while Trump insists markets are going to boom'. The key US politics stories from 3 April

Global financial markets were roiled by Donald Trump's latest tariff announcement - with trillions of dollars knocked off the value of the world's biggest companies and heightened fears of a US recession.

In the US, the main indices saw their worst one-day falls in five years as the president claimed that the markets are going to boom" in response to his sweeping tariffs.