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It's been 12 months since Donald Trump's 'liberation day' on April 2, 2025, when the US president introduced tariffs on nearly every country the US did business with. The move sent shockwaves through the global economy, causing chaos in Washington and beyond. Experts say that if Trump had spent the last 14 months on the golf course instead of in the White House, the US economy would be in a better place. The wholesale slashing of government jobs and defunding of US aid agencies had already signaled that Trump was in a hurry to upset institutions he considered profligate or useless. Investors quickly understood that chaos was an essential tool in Trump's armoury. Almost as soon as he was inaugurated, there was a steady decline in the value of the dollar against other currencies. Investors sold assets denominated in dollars and bought assets elsewhere: Europe, Asia, South America. Dario Perkins, the head of global research at the consultancy TS Lombard, said: 'If you think that discouraging investors from buying assets in the US is a victory, then you don’t believe in a growing economy.' He added that Trump's policies had led to a decline in US manufacturing jobs and a growing trade deficit. The data supports Perkins' claims. US companies stopped hiring almost as soon as liberation day was announced. Significant revisions in February to data covering 2025 pushed payroll employment down by 403,000 jobs, resulting in the addition of just 181,000 jobs last year. This small boost is set against the 163 million people who are employed in the US. Russ Mould, the investment director of the British stockbroker AJ Bell, said: 'America is still home to the world’s largest economy and its reserve currency, as well as the globe’s largest equity and bond markets, but investors continue to reassess their exposure one year on from liberation day.' The next few months of steadily increasing confidence levels followed probably the calmest period in the second Trump presidency. But sentiment began to fall again in the autumn as the White House battled with Congress over the federal budget deficit and much of the public sector was shut down. A poll by the University of Michigan showed consumer confidence at a near record low at the end of 2025. A six-month moving average produced by the Conference Board showed every generation, from baby boomers to gen Xers, had lost confidence in the economy over the past year. Trump’s liberation day executive order stated: 'The decline of US manufacturing capacity threatens the US economy in other ways, including through the loss of manufacturing jobs.' However, the US manufacturing sector shed 100,000 jobs between January 2025 and March 2026. The ratio of manufacturing workers to total nonfarm employment fell to the lowest point since 1939. Bryan Riley, the director of the National Taxpayers Union Foundation’s free trade initiative, said: 'One year after liberation day, the evidence is in. Tariffs failed even by the Trump administration’s own terms. They did not shrink the trade deficit, did not revitalise manufacturing and did not help farmers. It would be a mistake to replace one set of failed tariffs with another.' Some major US companies have redirected their investments to Europe, but China has proved to be one of the main beneficiaries. In the year to February 2026, China’s industrial profits increased by 15.2%. It's a boom that Beijing will struggle to repeat should Chinese companies face fuel and energy shortages and price hikes. But the decline of two major powers can only be to China’s gain.

Several readers of The Guardian have voiced strong opinions that the classic British pub ought to be treated as an adult‑only environment. They contend that the interior of a pub, where alcohol is served in large quantities, is fundamentally a space for grown‑ups to relax, converse, and enjoy a drink without the added responsibility of supervising children. Diane Silva of Bournemouth, Dorset emphasizes that while a beer garden might accommodate a family‑friendly dining area during daylight hours, the indoor setting should remain reserved for adults. She likens the situation to adults avoiding children’s play areas such as McDonald’s ball pits or playground swings, noting that “it’s not our space.” Other contributors echo this sentiment. Penny McPhillips from Garstang, Lancashire recalls a past legal claim involving a theatre patron who slipped on ice, suggesting that entitlement among customers can lead to a broader abdication of responsibility, especially when tickets, drinks, or even school uniforms have been purchased. Nigel Linford of Eastbourne, East Sussex adds a cultural reference, quoting WC Fields: “Any man who hates dogs and children can’t be all bad,” to underline the notion that discomfort with children in certain public venues does not make one wholly unreasonable. The letters also mention pub landlord Egil Johansen, who, according to the writers, is not alone in feeling pressured by customer expectations that blur the line between family hospitality and adult leisure. Overall, the correspondence calls for a clearer distinction between indoor pub spaces—reserved for adult patrons—and outdoor areas that could safely host families, thereby preserving the traditional role of the pub as a “wind‑down” spot for adults.

The Champions Cup’s single‑leg knockout stage has historically favoured hosts – only two of the 24 matches since the format’s introduction three years ago have seen the home side lose. This weekend’s fixtures threaten to upend that trend.Defending champions Bordeaux Bègles have been quoted at 1‑100 odds to defeat a severely weakened Leicester Tigers on Sunday – a price more suited to a two‑horse race. The Tigers will be without key internationals Ollie Chessum, Joe Heyes and Nicky Smith, all ruled out for the match.Coach Geoff Parling has elected to rest his forward trio to preserve a top‑four finish in the domestic league, a decision that underscores the growing difficulty English clubs face in juggling league ambitions with European knockout demands.Parling’s dilemma echoes a similar scenario a year ago when Saracens rested their stars and suffered a crushing 72‑point defeat to Toulon. Alongside Saracens, Harlequins, Leicester and Sale collectively conceded 215 points and exited the competition without a whisper of a fight. Only Bath Rugby has managed to maintain sufficient squad depth to compete on both fronts.The competition’s structure is locked in until 2030, with a 2028 twist that will see the eight quarter‑finalists face seven Super Rugby Pacific teams and one Japanese side, aiming to crown a true world club champion every four years. Yet the packed calendar – culminating in the 2027 World Cup and the 2028 Six Nations – raises serious questions about player availability.“I just don’t know how you fit everything in,” Parling admitted. “The game is very physical now. We all want the best versus the best, but it is what it is.”Knockout success now demands back‑to‑back weekend victories. For example, if Northampton Saints overcome Castres on Friday night, they will face a fully‑strengthened Bath the following week, unless Saracens can engineer a dramatic turnaround after their recent 62‑15 Premiership loss at the Rec.Other clubs face similar uphill battles: Harlequins could earn a Dublin trip after beating Sale, only to recall their heavy 62‑0 defeat to Leinster in April; Bristol might pull off a miracle in Toulouse but would likely meet Bordeaux in the last eight.South African provinces are gathering momentum, with the Stormers and Bulls arguably better placed to silence home crowds in Glasgow and Toulon than earlier in the season. Stormers coach John Dobson quipped, “What will it take us to win? Venus to align with Uranus and Saturn.”Meanwhile, Glasgow Warriors have become notoriously difficult to beat at Scotstoun. If any of the traditional powerhouses – Northampton, Bath, Toulon, Glasgow, Toulouse, Harlequins, Bordeaux or Leinster – fail to reach the quarter‑finals, their conquerors will have defied the odds.

The United Kingdom is set to convene a virtual meeting of 35 countries to assess measures to reopen the Strait of Hormuz, a critical Gulf waterway that has been effectively closed due to the US-Israeli war on Iran. British Prime Minister Keir Starmer announced that UK Foreign Minister Yvette Cooper would host the meeting on Thursday.The meeting aims to “assess all viable diplomatic and political measures that we can take to restore freedom of navigation, guarantee the safety of trapped ships and seafarers and resume the movement of vital commodities”, according to Starmer.Countries around the world have raised serious concerns about Iran’s effective closure of the strait, through which about one-fifth of the world’s oil and liquified natural gas supplies transit. The closure has sent global energy prices soaring and pushed nations to announce that they would release some of their strategic oil and gas reserves in an effort to lessen the crisis.Starmer emphasized that reopening the strait “will not be easy” and that countries that recently signed a statement saying they were ready “to contribute to appropriate efforts to ensure safe passage through the Strait of Hormuz” would take part in this week’s talks.In addition to the UK, France, Germany, Italy, Japan, and the Netherlands are among the countries to have signed it. The UK and other European countries have faced condemnation from US President Donald Trump, who has accused them of both failing to take action to reopen the strait and not providing sufficient support to Washington in its war effort.

India has initiated the world's largest national population count, a yearlong process involving over three million officials. This census, delayed by the COVID-19 pandemic, commenced on Wednesday and is set to conclude by March 31 next year. The data collected will be crucial in reshaping welfare programs and political representation across the country.Census workers will spend about a month collecting information from homes, documenting housing stock and living conditions. Information will be gathered through in-person surveys and online, allowing residents to use a smartphone application.A second phase of the counting will begin in September, during which more detailed information on people's social and economic characteristics, including religion and caste, will be surveyed. The caste system, an ancient social hierarchy in India, has been a contentious issue, with successive governments resisting a full caste count due to potential social tensions.The population data collected will underpin the distribution of government welfare programs and inform public policies. It may also lead to a redrawing of India's political map, with potential increases in seats in the lower house of parliament and state legislatures to reflect population growth. A 2023 law reserves one-third of legislative seats for women, so any expansion would raise the number of seats set aside for female representatives.The last detailed caste information was gathered in 1931 during British colonial rule. Since India's first census in 1951, only Dalits and Adivasis, members of marginalized groups, have been counted. The previous census in 2011 recorded a population of 1.21 billion, which has now grown to over 1.4 billion, making India the world's most populous nation, surpassing China in 2023.

Donald Trump announced over the weekend that he wants to "take the oil in Iran" by seizing control of Kharg Island, the strategic outpost through which roughly 90% of Iran’s oil exports flow. Experts say the remark underscores a blatant disregard for international law and exemplifies what they term “fossil‑fuel imperialism.” Patrick Bigger, co‑director of the Transition Security Project, described the approach as a "might‑makes‑right" logic that is both "abhorrent and spectacularly miscalculated." Trump is slated to give an update on the Iran‑U.S. conflict on Wednesday. He previously claimed the war could end within weeks, a statement that sent the stock market soaring on expectations of de‑escalation. Iran, however, has insisted it needs guarantees against future attacks before halting its counter‑offensive. The fighting continues, highlighted by an Iranian strike on a fully loaded crude tanker in Dubai and threats to "blow up and completely obliterate" Iran’s energy infrastructure if the Strait of Hormuz is not reopened promptly. Kharg Island, a five‑mile strip that handles the bulk of Iran’s oil shipments, along with its power plants and oil wells, has been singled out by Trump. He told the Financial Times that U.S. forces should take over the island and the oil stored there. "My favorite thing is to take the oil in Iran," Trump said, adding that critics in the United States are "stupid people." Amir Handjani, an energy lawyer at the Quincy Institute, warned that the statement "completely discredited" the war’s stated objectives and revealed a classic play for natural resources. Handjani noted that Trump’s desire to seize Iranian oil is not new; he voiced similar ambitions in a 1988 interview while promoting The Art of the Deal, saying he would "do a number on Kharg Island" if elected. The former president has also floated comparable ideas for Iraq, Syria and Venezuela, suggesting the United States could appropriate their oil to offset war costs or bolster strategic reserves. Handjani emphasized that international law provides no framework for waging war to capture sovereign nations' natural resources. From a military perspective, taking Kharg Island would be extremely challenging. Iranian missile defenses have rendered regional U.S. bases inoperable, meaning any assault would likely require a parachute insertion of Marines into heavy fire, with the risk of massive Iranian retaliation. Handjani warned that such retaliation could target oil export terminals across the Persian Gulf, potentially driving crude prices to $200‑$300 per barrel and destabilising the global economy. The conflict has already caused the largest-ever disruption to global energy supplies, killing thousands and sparking sharp fuel‑price shocks. While consumers bear the brunt, major fossil‑fuel companies are enjoying windfall profits. Bigger noted that higher oil prices benefit oil majors and are being used as a pretext to expand U.S. drilling, further entrenching reliance on carbon‑intensive fuels. According to Bigger, Trump’s rhetoric reveals a belief that "fossil fuels are a linchpin of his domestic industrial strategy," and that controlling oil equates to controlling global power. He argues that this mindset threatens the international order and hampers the transition to cleaner energy.

Highland cows, a hardy breed known for their shaggy coats and upturned horns, have been a part of Hothfield Heathlands nature reserve in Kent. They were introduced to restore and maintain the reserve through wild grazing. However, their presence led to an unexpected consequence. The cows became an unlikely sensation on social media, particularly on TikTok, with videos of them going viral. This sudden fame attracted a large number of visitors to the reserve, who were eager to take selfies with the cows and even stroke them. Despite warnings from Kent Wildlife Trust to keep at least 10 meters away, the situation became unmanageable. The trust eventually made the decision to remove the cows from the reserve, at least temporarily, to protect them from the stress and potential harm caused by the influx of visitors. The cows, which have survived the harsh climate of the Scottish Highlands for over 1,000 years, were becoming distressed and could have reacted out of fear if the situation continued. This incident is not an isolated case. The popularity of Highland cows has caused trouble before, such as in January when three people had to be rescued after getting lost while searching for viral Highland cattle on Butser Hill in Hampshire. The hashtag #highlandcow has reportedly reached millions of people on social media, highlighting the significant public interest in these animals. The removal of the Highland cows from Hothfield Heathlands serves as a reminder of the impact of social media on wildlife and the importance of respecting the personal space of animals, even those as adorable and charismatic as Highland cows.

The UK is facing a severe crisis with organised waste crime, which has become a lucrative industry due to lax regulations and enforcement. Between 8,000 to 13,000 illegal waste sites are scattered across the country, with some containing tens of thousands of tonnes of hazardous waste. The lack of effective regulation and enforcement has allowed criminal gangs to exploit the system, dumping waste in farmland, nature reserves, and even next to schools. The profits from these illegal activities are substantial, with £2,500 per articulated lorry load being a common gain. The consequences of inaction are dire, with illegal dumping costing the economy in England £1bn a year. The clean-up operation for these sites will likely cost tens of billions, not to mention the potential contamination of aquifers by toxic waste seepage. The government's recent 'waste crime action plan' has been criticized for not matching the scale of the crisis, with an extra £15m a year for waste crime enforcement being deemed insufficient. The issue highlights the need for stronger regulations and enforcement to combat organised waste crime.

The Labor Department’s latest Job Openings and Labor Turnover Survey (JOLTS) shows that job openings dropped by 358,000 to 6.882 million in February, the smallest tally since 2020 and well below the forecast of 6.918 million. February’s hiring figures also slipped, with 4.8 million workers hired—the lowest monthly total since March 2020. The quit rate fell to 1.9%, equating to roughly three million workers leaving their jobs, indicating growing reluctance to switch employers. Consumer confidence is eroding in tandem. A University of Michigan survey released in March recorded a 6% year‑over‑year decline and a 5.8% drop from the previous month, pushing sentiment to its weakest point since December. Economist Heather Boushey of the University of Pennsylvania linked the sentiment dip to President Donald Trump’s second‑term policies, noting that “people are getting super frustrated with Trump’s economy.” Senior fellow Michele Evermore of the National Academy of Social Insurance warned that the modest decline in quits “indicates that workers continue to have a pessimistic view of their chances on the open market,” and urged state governments to bolster unemployment systems as a counter‑cyclical buffer. Policy uncertainty is a key driver. Since his re‑election, Trump has pursued aggressive tariffs, some of which were recently blocked by the Supreme Court’s decision that the International Emergency Economic Powers Act cannot be used for that purpose, leaving the tariff regime in flux. Compounding the trade dispute, the U.S. involvement in the February 28 attack on Iran sparked a regional war. Iran’s retaliation—shutting the Strait of Hormuz—has tightened global oil supplies, pushing U.S. gasoline prices to $4.018 per gallon, up more than a dollar from the previous month. Federal Reserve Chair Jerome Powell cautioned that the economy faces a “zero‑employment‑growth equilibrium” with downside risks, while the central bank has so far kept interest rates steady and will announce its next policy decision in late April. Private, non‑farm payroll growth has also slowed, averaging just 18,000 jobs per month over the three months ending February, underscoring the tepid demand for new labor. Despite the labor market gloom, equity markets rallied during midday trading on Tuesday, with the Dow Jones Industrial Average up 1.9%, the Nasdaq climbing 3.4%, and the S&P; 500 gaining 2.3%.