Nick Miles

The Japanese gaming company Nintendo has revealed the Switch 2, the long-awaited successor to one of the best-selling consoles in history. Donald Trump has defended the tariffs he's announced on US imports from around the world, despite a global stock market sell-off. Wall Street suffered one of its worst days in recent years on Thursday.

The Japanese gaming company Nintendo has revealed the Switch 2, the long-awaited successor to one of the best-selling consoles in history. Donald Trump has defended the tariffs he's announced on US imports from around the world, despite a global stock market sell-off. Wall Street suffered one of its worst days in recent years on Thursday.

But speaking to reporters as he left the White House, Mr Trump expressed optimism.

But speaking to reporters as he left the White House, Mr Trump expressed optimism.

We'll hear more about what the US president had to say in a moment, but let's hear from India, Vietnam, Japan and South Africa. And first, from the US.

We'll hear more about what the US president had to say in a moment, but let's hear from India, Vietnam, Japan and South Africa. And first, from the US.

By one estimate, more than $1.5 trillion was wiped off the value of shares on Wall Street at the start of Thursday's trading. Shares in tech firms were the worst hit. Apple's value dropped by more than $250 billion. The dollar also fell and there's been a slide in oil prices. Investors fear the tariffs will hit growth and drive up inflation worldwide.

By one estimate, more than $1.5 trillion was wiped off the value of shares on Wall Street at the start of Thursday's trading. Shares in tech firms were the worst hit. Apple's value dropped by more than $250 billion. The dollar also fell and there's been a slide in oil prices. Investors fear the tariffs will hit growth and drive up inflation worldwide.

Despite all this, President Trump remained buoyant. I heard more from our North America correspondent, David Willis.

Despite all this, President Trump remained buoyant. I heard more from our North America correspondent, David Willis.

And David, in that clip we heard from Mr. Trump, he referred to what's happening as an operation that's going to work. To what extent do Americans like the idea of being operated on?

And David, in that clip we heard from Mr. Trump, he referred to what's happening as an operation that's going to work. To what extent do Americans like the idea of being operated on?

And no sign of any kind of dissent within the Trump administration, far from it at the moment.

And no sign of any kind of dissent within the Trump administration, far from it at the moment.

David Willis in Los Angeles. The World Trade Organization has revised its forecast for global economic growth sharply downwards in the light of the new US tariffs. In contrast to its previous forecast of 3% growth for the world economy this year, the agency now expects a contraction of 1%. Jonathan Josephs reports.

David Willis in Los Angeles. The World Trade Organization has revised its forecast for global economic growth sharply downwards in the light of the new US tariffs. In contrast to its previous forecast of 3% growth for the world economy this year, the agency now expects a contraction of 1%. Jonathan Josephs reports.

Jonathan Josephs. Well, many people around the world see Donald Trump's tariffs as the moment the post-war system of global trade was turned on its head. So are they right? Our business correspondent Mark Ashdown gave me his assessment.

Jonathan Josephs. Well, many people around the world see Donald Trump's tariffs as the moment the post-war system of global trade was turned on its head. So are they right? Our business correspondent Mark Ashdown gave me his assessment.

Now, some people, the doom and gloom mongers, are saying it could lead to a global recession. It's far too early to predict that. But at what point does a run on the stock market that we've been seeing become pretty unsustainable and really worrying?

Now, some people, the doom and gloom mongers, are saying it could lead to a global recession. It's far too early to predict that. But at what point does a run on the stock market that we've been seeing become pretty unsustainable and really worrying?