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This is the world in brief from The Economist.

Our top stories.

American markets suffered their steepest declines since March 2020 on Thursday,

the first full day of trading since Donald Trump's sweeping tariffs announcement.

The SMP 500 lost nearly $2 trillion in value, dropping by 5%, and the tech-heavy Nasdaq fell by

almost 6%. The share prices of tech companies, whose supply chains rely on overseas manufacturing saw significant

drops. Apple and Meta are both down 9%. NVIDIA fell by 8%. Canada announced 25% retaliatory

tariffs on American car imports. The measures largely mirror American measures for foreign-produced cars that took effect

on Thursday, which exempt cars that comply with a North American trade pact negotiated by

Mr. Trump in his first term.

Canada, alongside Mexico, dodged steep new leveies introduced by Mr. Trump's administration on Wednesday.

Benjamin Netanyahu called Hungary's decision to leave the International Criminal Court bold and principled.

Israel's Prime Minister, who faces an ICC arrest warrant over alleged war crimes in Gaza,

made the comments during a visit to Hungary.

His host, Victor Orban, promised to defy the warrant.

Other ICC signatories in Europe, including Germany, have mulled ways of allowing Mr. Netanyahu to visit safely.

Donald Trump reportedly fired at least three members of America's National Security Council

...