The US began collecting a 10% "baseline" tariff on all imports on Saturday as President Donald Trump urged Americans to "hang tough" after market turmoil, BBC reported.

The UK and France are among hundreds of countries impacted and its leaders have said nothing is off the table. While China, which has been hit the hardest by President Trump's tariffs, announced a significant retaliatory response.

All three major stock indexes in the US plunged more than 5% on Friday, with the S&P 500 dropping almost 6%, capping the worst week for the US stock market since 2020.

In Washington DC, New York and other cities thousands gathered to protest against a range of Trump's policies - from the economy to government cuts, according to BBC.