Stock markets fall after Trump unveils tariffs

Stock markets worldwide have fallen sharply in response to Donald Trump's announcement of sweeping global trade tariffs. Investors fear the tariffs will hit growth and drive up inflation worldwide. Our business reporter joins to explain the impact.

We also hear from American business owners and from people around the world reacting to the announcement.

In other news, we have the latest on Israel's airstrikes on a school sheltering displaced people in Gaza.

We also hear from our correspondent in Hungary after the country announced it will withdraw from the International Criminal Court. It was timed to coincide with an official visit to Hungary by the Israeli Prime Minister, Benjamin Netanyahu, who is himself the subject of an ICC arrest warrant.

Presenter: Mark Lowen.

(Photo: New York Stock Exchange reaction to the new US tariffs, USA - 03 Apr 2025. Credit: JUSTIN LANE/EPA-EFE/REX/Shutterstock)