Trump

Trump announces 50% tariffs on countries supplying Iran with weapons. Russia and China explicitly warned as primary targets amid ongoing Hormuz ceasefire negotiations.

Trump requests $1.5T for Department of War in FY2027 budget — up $445B from previous year, largest post-WW2 increase in US history. Includes $185B for Golden Dome missile defense and $65.8B for shipbuilding.

Trump signed sweeping executive order imposing 100% tariff on all imported patented pharmaceutical products. Companies building US manufacturing facilities can avoid tariffs aiming to onshore pharma production. Nifty Pharma index fell over 5% with all constituent stocks trading lower.

King Charles III will make a state visit to the United States from April 27 to 30, proceeding despite calls from some UK politicians to cancel the trip amid controversy over the Iran war. The visit includes a state dinner at the White House and marks the first state visit for King Charles to the United States, with Queen Camilla accompanying.

The Department of Homeland Security partial shutdown has become the longest in US history, marking an unprecedented disruption to the fourth largest federal agency as Congress remains deadlocked with no resolution in sight.