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As global financial markets plunge in the wake of US President Donald Trump's "Liberation Day" tariffs, Americans must also grapple with the potentially long-lasting impact of the move on household budgets.

At first glance, Mexico got off lightly from Donald Trump's "Liberation Day" tariffs blitz.

Japan and Taiwan promised billions in investment. Britain offered an invitation from the king. In the end, even US allies failed to dissuade President Donald Trump from hitting them with tariffs, which threaten to remake not just the global economy but the foundations of US foreign policy.

Donald Trump's tariffs have become a black and white issue on social media, where penguin memes have gone viral after he targeted an island inhabited by the flightless birds, but no people.

Tom Cruise paid tribute to late "Top Gun" co-star Val Kilmer on Thursday, leading movie theater owners in a moment's silence at the CinemaCon event before unveiling new footage from his latest "Mission: Impossible" movie.

With the United States the largest export market for champagne, producers of France's leading sparkling wine had little to celebrate on Thursday about facing an additional 20 percent tariff, although they held out hope for negotiations.

More than four years after the UK's withdrawal from the European Union became effective, Britain has escaped harsher US tariffs, facing only half of the 20 percent imposed on its EU neighbours.

Canada said it would impose a 25 percent tariff on some autos imported from the United States, retaliating against President Donald Trump's levies that came into affect on Thursday.

US President Donald Trump in March ridiculed Lesotho as a place "nobody has ever heard of" and then this week hit the tiny African kingdom with the highest of his reciprocal trade tariffs for any single nation.

Trade economists were scratching their heads on Thursday at the formula used by the White House to measure trade imbalances and inflict punishment on all its global trading partners.

French President Emmanuel Macron on Thursday called for a suspension of investment in the United States until Donald Trump's "brutal and unfounded" new tariffs against Europe and the rest of the world were clarified.

Stock markets and the dollar tumbled Thursday after President Donald Trump's latest worldwide tariff salvo fanned a trade war that many fear will spark recession and ramp up inflation.

President Claudia Sheinbaum of Mexico, the United States' top trading partner, on Thursday welcomed her country's exclusion from the list of nations targeted in Donald Trump's latest round of import tariffs.

The small African kingdom of Lesotho feared the worst for its textile industry Thursday after US President Donald Trump imposed 50-percent tariffs on its imports, the highest for a single nation.

Auto giant Stellantis said Thursday it was pausing production at some plants in Canada and Mexico, the first disruptions to hit the sector since US President Donald Trump's tariffs on foreign-made vehicles came into force.

An huge asteroid that was briefly feared to strike Earth now has a nearly four percent chance of smashing into the Moon, according to new data from the James Webb Space Telescope.

Gaming specialists who have handled Nintendo's new Switch 2 say the console is a clear upgrade on its predecessor, but it lacks must-have new features and the progress comes at a steep price.

Major US trade partners pilloried US President Donald Trump's global tariffs onslaught on Thursday, but left the door open to negotiations as markets tanked over fears his trade war would damage the world economy.

The global artificial intelligence market is projected to reach $4.8 trillion -- roughly the size of Germany's economy -- by 2033, the UN said Thursday, warning nearly half of jobs worldwide could be affected.

Major US trade partners pilloried US President Donald Trump's global tariffs onslaught on Thursday, but left the door open to negotiations as markets tumbled over fears his trade war would damage the world economy.

The dollar and equity markets tumbled Thursday after President Donald Trump's latest tariffs salvo against countries worldwide, fanning a trade war that many fear will spark recession and ramp up inflation.

Countries vowed Thursday to hit back at US President Donald Trump's global tariffs onslaught but left the door open to negotiations, as markets tumbled over fears his trade war would damage the world economy.

Entombed under his hotel bed for five days in the debris, two things enabled teacher Tin Maung Htwe to survive Myanmar's devastating earthquake: old school lessons and his own urine.

Nintendo fans excited over the upcoming Switch console said Thursday they were disappointed by the high price tag, as US tariffs bite.

Sri Lankan animal rights activists marched on Thursday to protest the round-up of stray dogs a day ahead of a visit by Indian Prime Minister Narendra Modi.

China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports, vowing "countermeasures" to protect its rights and interests.

Countries vowed on Thursday to hit back at US President Donald Trump's global tariffs onslaught, but left the door open to negotiations as markets tumbled over fears his trade war would damage the world economy.

US President Donald Trump has slapped punishing new tariffs on imports of Chinese goods, deepening a trade war between the world's two largest economies.

European leaders hit out Thursday against sweeping new US tariffs, with the EU saying it was ready to respond with countermeasures while opening the door for last-ditch negotiations.

Australia has just sweltered through its hottest 12 months on record, a weather official said Thursday, a period of drenching floods, tropical cyclones and mass coral bleaching.

They are often disparaged as ugly, sly and cruel scavengers but for South African artist Hannelie Coetzee, hyenas are symbols of female power and the normalisation of queerness.

US President Donald Trump's tariffs were "highly unreasonable" and the government planned to start "serious negotiations" with Washington, Taipei said Thursday.