Good morning from Midori House, where we're watching the reaction to US president Donald Trump's "Liberation Day" tariffs. Yesterday the White House announced a universal 10 per cent tariff on all imports into the US from Saturday, which will apply to the likes of the UK, Australia and Brazil. Special tariffs from 9 April will hit imports from 60 countries labelled by Trump as the “worst offenders”. These include 34 per cent tariffs on goods from China, 31 per cent on Switzerland, 24 per cent on Japan and 20 per cent on the European Union. Allies and important trading partners weren’t spared, although Mexico and Canada were not mentioned in this latest round. A 25 per cent tariff on all new “foreign-made” cars came into force today. Trump labelled it the start of a “golden age” for the US. For more insight and analysis, tune in to Monocle Radio. Here's the rundown of today’s Monocle Minute:
THE OPINION: The 25-hour speech that failed
DEFENCE: Japan’s Ishigaki island
OVERHEARD AT… Geneva’s Watches and Wonders
ARCHITECTURE: London’s reimagined relic
Q&A: The man making Eurovision happen