Donald Trump
President of the United States
Donald Trump
President of the United States
As of April 2025, Donald Trump is serving his second, non-consecutive term as the 47th president of the United States after defeating Joe Biden in the 2024 election. His administration has enacted sweeping changes, including major staff cuts across federal agencies under the newly created Department of Government Efficiency, led by Elon Musk, and rolled back diversity initiatives while pushing hardline immigration and citizenship policies—many of which have sparked legal challenges and nationwide protests. On the global stage, Trump has reignited trade tensions with China by imposing high tariffs, prompting retaliatory measures and market instability. He has also initiated nuclear talks with Iran and continues to promote his “America First” doctrine. Amid his controversial return to power, Trump remains a polarizing figure, with recent developments even including scrutiny of Wikipedia's neutrality and online censorship concerns raised by its co-founder Larry Sanger.
UK Borrowing Costs Soar Amid Trump's Tariffs Carnage: Labour Sticks to Fiscal Rules
- Wednesday, 09 April 2025

Keir Starmer vowed that Labour would stick to its fiscal rules despite long-term UK borrowing costs reaching their highest level since 1998. The yield on a 30-year gilt rose to 5.518% amid global financial market carnage caused by US President Donald Trump’s tariffs, including a 104% levy on Chinese imports and 10% on UK goods. This led to a slump in the FTSE 100 index, which fell as far as 3.6% before paring back losses, finishing down 2.92% at a 13-month low of 7,679.48.