Tariffs latest: China raises tariffs on US to 125% in trade war escalation

News Snapshot:

Wolf of Wall Street says tariffs necessary but 'not gonna be pretty' The so-called Wolf of Wall Street Jordan Belfort has broken his silence on Donald Trump's tariffs, weighing in on questions of insider trading at the White House. Opponents say the president has questions to answer after he said it was a "great time to buy" shares - four hours before the stock market surged on Wednesday when he paused tariffs. But Belfort told Sky News' Gillian Joseph the fact Trump made the statement on social media meant it was public, rather than him tipping off a few people....