Spain’s PM Sánchez:

U.S. return to 19th-century protectionism is not an intelligent move.

💶💸 Euro rises more than 2%, set for biggest daily jump since 2015.

Spain’s PM Sanchez says Europe was already being attacked from the East by Russia, now faces trade attacks from the West.

EU member states will vote on April 9 on countermeasures to the United States' steel and aluminum tariffs.

Source: Reuters

Spain will implement a 14.1 billion euro plan to cushion the impact of the new U.S. tariffs on the Spanish economy.

The European Union's trade commissioner Maros Sefcovic will talk to his U.S. counterparts tomorrow.

Netanyahu's reception by Viktor Orban and the Honor Guard in Hungary.

Austrian Economy Minister:

To force Trump to the negotiating table, we need to impose tariffs that hit Republican states and his friends including tech firms.

Hungary's Orban:

We have zero tolerance for anti-Semitism.

Hungary's Orban:

I signed a document announcing our withdrawal from the International Criminal Court because it has become politicized.

German Foreign Minister Baerbock:

Netanyahu's visit to Hungary is a bad day for international law.

Mali's Foreign Minister Abdoulaye Diop:

For us, Ukraine is a terrorist state. They help terrorists in the Sahel.

NEW: Some PKK/YPG-linked SDF forces have been withdrawn from Sheikh Maqsoud and Ashrafiyeh neighborhoods in Aleppo, Syria.

The remaining forces will withdraw tomorrow.

100 detainee held by SDF will also be released.

NEW: Iran-backed Popular Mobilization Forces in Iraq says it has deployed forces along the Syrian border.

🇺🇸 The U.S. would suffer the most from its own protectionism — with prices rising 5.5%, higher than anywhere else after Trump's new tarriffs.

🇨🇦 Canada: +2%
🇲🇽 Mexico: +0.8%

🇨🇳🇮🇳 China & India: -0.7%
🇩🇪🇵🇱 Germany & Poland: -0.4%

Study: Aston Business School (2025), FT

🇺🇸 U.S. stocks brace for impact as the S&P 500 is set to lose nearly $1.7 trillion at Thursday’s open, amid fears Trump’s new tariffs could trigger a recession.

BIG: Norwegian Foreign Minister Espen Barth Eide says new U.S. tariffs may breach NATO Article 2.

NATO's Article 2

Often overshadowed by Article 5, NATO Article 2 promotes peaceful ties and economic cooperation among allies. It calls on members to:

• Strengthen democratic institutions
• Support peace, stability, and well-being
• Avoid economic conflicts and boost cooperation

U.S. Vice President JD Vance:

We asked Elon Musk to help improve government efficiency — the process will take six months.

Musk will continue serving as an advisor beyond those six months, and his work with the administration is far from over.

Trump on new tarriffs:

THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING.

THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE.

Donald Trump's new tariffs may harm China's economy in the short term, but could also help strengthen China's ties with countries alienated by US policy.

Instead of immediate retaliation, China is adopting a cautious, strategic approach. Officials have positioned themselves as globalisation supporters, with Vice Premier He Lifeng saying in London:

"Protectionism doesn't work — it's not a solution. China and the UK understand the benefits of globalisation and a solid foundation of cooperation.

Henry Wang Huiyao of a Beijing think tank concluded:

"Trump's move will push 80% of the world's population or economy to trade more with each other... in the long run, they will push all cooperation between countries."

Source: Bloomberg

Polish Defence Minister Kosiniak-Kamysz says Poland wants to achieve 5% of GDP on defence spending in 2026.