Most of Thursday’s front pages reflect on news from Washington that Donald Trump has paused tariffs on most nations for 90 days – apart from China. “Trump blinks first in trade war,” is the Daily Telegraph’s headline which notes that US stocks had a good day bouncing back after the announcement. There is also a photo of King Charles III and Queen Camilla, who tells reporters about the “secrets of a happy marriage”.
“Great war of China” is the Daily Mirror’s front page headline as it shows Trump flexing his muscles and describing his tariff climbdown as “erratic” and a “new gamble”. Jacqueline Jossa is pictured at the top of the tabloid as the paper reports the Eastenders star and her husband Dan Osborne have jetted off on a “make-or-break” holiday to save their marriage.
The Daily Mail splashes the headline “Trump blinks” across its front page – and also notes the US president has doubled “down on China”. The Mail reflects on a week of turmoil on the stock markets, global tariff warnings and an escalatory trade war with China after Trump hiked up levies to 125% on Beijing.
The Financial Times asks “What lies behind the bond sell-off?” It notes that bind prices plunged this week “amid signs of poor demand at a Treasury action”. The paper says prices are also rising at Wimbledon this year as the All England Lawn Tennis Club looks to fund building projects.
China stands defiant, according to Thursday’s Metro which says “Trump risks great maul of China”. The paper notes that Beijing will “never accept this bullying” after Trump hit China with a “shock 125% tariff on Chinese imports” and mocked leaders who are “kissing my ass to negotiate deals”.
Trump is pictured on the front of Thursday’s Guardian with his hands outstretched as he addresses reporters outside the White House. The Guardian says Trump’s row-back follows days of “market turmoil and recession warnings”. Elsewhere, the paper says phones have been banned in nearly every school in England as the leader of a national union called for a statutory ban.
Experts have their say in the i Paper asking whether the Bank of England could do a “double” interest rate cut in May. The paper also asks on its front page whether the trade war could impact supply and push up prices of weight-loss drugs in the UK.
In an exclusive interview with the Daily Express, Conservative leader Kemi Badenoch tells the paper that in light of Trump’s tariff pause, the prime minister “must make more of out Brexit freedoms”. Elsewhere, King Charles and Queen Camilla are pictured at the top of the paper marking their trip to Italy – as the Express says “laughter is the key to a happy royal marriage”.
In other news, the King is pictured on the front of the Times sharing a laugh and a joke with Italian Prime Minister Giorgia Meloni on the third day of his state visit to Italy. The Times also says Russia is attacking Ukraine on multiple fronts in a spring offensive, according to Ukraine’s commander-in-chief Oleksander Syrsky.
Finally, the Daily Star leads on a study which the paper says shows adults have just four close friends. “Sad git Brits have only eight mates – with just four of them close pals,” the paper says. Splashed on the front page – above the headline “Aww…we only have four real fwends” – are the four sixth form student friends from The Inbetweeners TV series.
Many of Thursday’s papers lead on President Donald Trump suspending his slate of punitive tariffs while singling out China.
The Financial Times says Trump showed the “first signs of retreat” when he ordered his 90-day pause.
For the Times, Trump performed a “dramatic U-turn” when he said he wanted “fair deals with everyone”. The paper says it was a radical change in tone from the night before, when he told Republican senators that countries were “kissing my ass”.
The main editorial in the Daily Mail says the president’s mind may have been changed by a fire sale in US government bonds.
“Great WAR of China” is the Daily Mirror’s, as it describes Trump as “erratic” and “making a new gamble”, with his elevated 125% levy on Chinese goods.
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The Daily Telegraph’s leader column says Trump is taking the world on an increasingly bizarre and dangerous rollercoaster ride. The paper warns of “considerable implications” for UK pensions and mortgages if turmoil on the bond markets continues to push up government borrowing costs.
The i Paper reports that ministers are considering bringing forward announcements planned for the Spending Review in June aimed at protecting the steel, medicines and car industries.
The Daily Express leads on the Conservative leader Kemi Badenoch urging the prime minister to, in the paper’s words, ‘maximise the UK’s Brexit freedoms’, in the face of global economic turmoil. In an interview with the Express, Badenoch says Labour appears to be “just sitting back and letting it happen” instead of reaching out to countries in a Pacific trading bloc, whose British membership she negotiated as a minister.
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