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US stock futures tumble as president reveals plans for 10% universal levies and higher ‘reciprocal’ duties

President Trump announced a 10% baseline tariff and “discount” reciprocal tariffs on Wednesday during a widely anticipated Rose Garden address.

A16z’s gaming accelerator this week opened applications for its 5th LA cohort, bumping up investment per company to $1 million from $750,000.

“We’re not taking it anymore,” the president said, announcing the U.S.’ tariffs would amount to half of trading partners’.

Jonathan Haidt has these three urgent messages for parents worried about the effects of screen time.

President reveals plans to impose 10% universal levies and higher duties on major partners

The new duties imposed by the US president will send shockwaves through global supply chains

Prime minister hopes trade talks between London and Washington could further reduce the levy

Shares in big retailers also tumble as they face turmoil in China and other manufacturing bases