Jonathan Reynolds says retaliatory tariffs are one option but the government believes economic deal between both countries could be possible

Internet safety campaigners have expressed alarm about reports that the Online Safety Act could be reviewed as part of the economic deal the UK is negotiating with the US.

According to a Politico report, quoting unnamed sources who have been briefed on what is in the potential deal, it will include a commitment to a review of the Digital Markets and Competition Act and the Online Safety Act.

We are dismayed and appalled by reports that the Online Safety Act could be watered down to facilitate a US trade deal.

We have written to Jonathan Reynolds [business secretary] urging him not to continue with an appalling sell out of children’s safety and to meet with lived experience campaigners to understand the dire consequences.

The Online Safety Act offers a foundation that we believe will vastly improve children’s experiences online.

For too long, too many children and young people have been exposed to harmful content, groomed, harassed and bullied online. The Government must not roll back on their commitment to making the online world safer for them, now and in the future.

Ursula von der Leyen says tariffs a ‘major blow’ to world economy, as US dollar falls to six month low after US President Trump’s ‘liberation day’

• Full report: Trump announces sweeping new tariffs
• Analysis: Trump’s tariffs likely to raise prices and cause chaos
• What are tariffs and why do they matter?

The new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”

The body, which represents the powerful German auto industry, said the tariffs marked

the United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.

This is not America first; this is America alone.

Australian prime minister surprised after external territories – including tiny Norfolk Island and remote islands home to penguins – targeted by US president

A group of barren, uninhabited volcanic islands near Antarctica, covered in glaciers and home to penguins, have been swept up in Donald Trump’s trade war, as the US president hit them with a 10% tariff on goods.

Heard Island and McDonald Islands, which form an external territory of Australia, are among the remotest places on Earth, accessible only via a two-week boat voyage from Perth on Australia’s west coast. They are completely uninhabited, with the last visit from people believed to be nearly 10 years ago.

Retailer reconsiders ‘gift to America’ as it also adjusts to new rules on advertising high fat, sugar and salt foods

• Business live – latest updates
• Global stock markets plunge and US dollar tumbles

Percy Pig’s US invasion could be called to a halt amid fears that Donald Trump’s tariffs could affect sales of Marks & Spencer’s popular confectionery brand which has just launched in Target stores across the Atlantic.

Archie Norman, the chair of M&S, has described Percy as the retailer’s “gift to America” but he told the Retail Technology Show in London that “we might have to change our minds” as Trump imposes additional taxes on imported goods.

US president Donald Trump yesterday produced a chart of all the new tariffs he was announcing, affecting trade with countries across the world. Here is the list as he displayed it

The president displayed the top of his list from a podium in the White House Rose Garden, and later published a longer version. Note that the “tariffs charged to the USA” in Trump’s formulation include “trade barriers” so don’t necessarily align with the tariffs published by countries concerned.

Donald Trump has upended decades of US foreign policy by bringing in a vast array of tariffs that threaten to disrupt international trade. Here are some initial key points

• Trump tariff reaction – live updates

Countries across the world are racing to absorb the new way of doing business with the US, after Donald Trump unveiled tailored tariffs that looks set to ignite a global trade war.

Trump has made clear the goals he wants to accomplish through the tariffs: bring manufacturing back to the US; respond to unfair trade policies from other countries; increase tax revenue; and incentivise crackdowns on migration and drug trafficking.

A global trade war could affect everything from prices to pensions, and inflation to interest rates

Donald Trump’s announcement that the US will put tariffs on goods from around the world, including a 10% charge on UK imports, has signalled the start of a global trade war.

Although the UK faces a lower tariff than many other countries, for UK consumers there could still be some fallout. How it all plays out remains unclear.

Donald Trump’s widescale import levies have spooked governments, investors and analysts alike. Here’s why

Israeli PM, who is wanted by the court, hails Viktor Orbán’s ‘bold and principled’ decision to leave the ‘corrupt’ body

Hungary will leave the international criminal court because it has become “political”, the country’s prime minister, Viktor Orbán, said as he welcomed his Israeli counterpart, Benjamin Netanhayu – the subject of an ICC arrest warrant – to Budapest for an official visit.

Standing beside Netanyahu at the start of the four-day visit, Orbàn said on Thursday that Hungary was convinced the “otherwise very important court” had “diminished into a political forum”. Netanyahu hailed “a bold and principled” decision.

Andrew Searle and Dawn Kerr were found dead in their home in Les Pesquiès in Aveyron on 6 February

The deaths of a married British couple at their home in the south of France are being treated as a murder – and suicide, according to reports.

Andrew Searle and Dawn Kerr, both in their 60s, were found dead in the hamlet of Les Pesquiès in Villefranche-de-Rouergue, Aveyron, on 6 February.