Wall Street dives as hopes wane for tariff delays – as it happened

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• Trump threatens 104% tariffs on Chinese goods as part of unfolding global trade war

South Korea's government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.

The move comes after Yoon's removal after the country's constitutional court voted unanimously on Friday to uphold parliament's decision to impeach him over his ill-fated declaration of martial law in December.