The military action came a day after senior government officials said Israel would seize large areas of Gaza and establish a new security corridor across the strip.

British Prime Minister Kier Starmer said the U.K. government would react with “cool and calm heads,” telling business leaders in London that he hopes to get the tariffs lifted with a trade deal.

NEW YORK (AP) — Financial markets around the world are reeling Thursday following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst ...