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Wall Street has just wrapped up one of its most volatile weeks in years, with investors rattled by Donald Trump’s sweeping new tariffs on global imports. The fallout? Trillions wiped from US stock markets—the S&P 500, Dow, and Nasdaq all plunging more than 5%, with tech stocks entering bear market territory.

What does this mean for trade on the ground? Gene Seroka, head of the Port of Los Angeles—the busiest container port in the US—tells us how these tariffs could disrupt the flow of goods across the Pacific.

As panic ripples through the markets, we ask: should people nearing retirement be worried? Maria Johannssen of AON breaks down the risks to global pension funds heavily invested in Wall Street.

Also in the programme: TikTok gets yet another reprieve in the US. But who’s really in line to buy it? We look at the high-stakes politics and business deals shaping its future.

And finally— our reporter gives us an insight into the thinking inside Microsoft, and the celebrations as it turns 50 years old.