GB News halted for Donald Trump 'bloodbath' in breaking news set to devastate Starmer
GB News abruptly paused their live broadcast for a Donald Trump announcement - sending shockwaves across the globe.
Eamonn Holmes and Ellie Costello returned for Monday's edition of Breakfast on GB News and the co-presenters issued a statement as breaking news came through while live on air. Asian stock markets have plummeted as the shockwaves from US President Donald Trump's tariffs continue to reverberate around the world which could potentially result in a huge blow for Keir Starmer.
Trumps tariffs are set to deliver a £22billion hit to Britain, economists have warned. New analysis from KPMG predicts that the US President’s trade war will shave 0.8 per cent off the economy over the next two years. This will leave the UK £21.6bn worse off by 2027, as Trump's 10 per cent tariffs threaten to derail Labour's plans.
As the breaking news announcement was made, Eamonn said: "Just letting you see the FTSE here. It's dropped to 2.64% as it opened this morning at 8 o'clock.
"On Friday the FTSE 100 had its worst day trading since Covid. It follows Asian markets which have plummeted overnight. Hong Kong's stock exchange at its worst day since 1995."
Ellie commented: "It's been described as a bloodbath. Still feeling the effects of President Trump's tariffs reacting to that across the world."
Major indexes from Shanghai to Tokyo and Sydney to Hong Kong plunged on Monday, which analysts have described as a "bloodbath".
Countries from Vietnam to Bangladesh have become highly-reliant on the US as an export market.
Trump's announcement last week included a 46 per cent tariff on Vietnam and 37 per cent on Bangladesh.
On Friday, the global stock market turmoil deepened, after China hit back at tariffs announced by Trump.
All three major US stock indexes in fell by more than 5%, with the S&P 500 dropping almost 6%, capping the worst week for the US stock market since 2020.
In the UK, the FTSE 100 plunged almost 5% - its steepest fall in five years, while exchanges in Germany and France faced similar declines.
Despite the global turmoil, Trump has defended his decision, telling reporters late last night: "I don’t want anything to go down. But sometimes you have to take medicine to fix something."
