Trump’s 10% tariff on UK products to come into force as stock markets plunge

Trump’s 10% tariff on UK products to come into force as stock markets plunge

The FTSE 100 fell on Friday in its worst day of trading since the start of the pandemic while markets on Wall Street also tumbled. On Friday, the FTSE 100 experienced a significant decline, marking its worst trading day since the onset of the COVID-19 pandemic. The index, which comprises the 100 largest companies listed on the London Stock Exchange, fell sharply as investor sentiment soured in the face of rising economic uncertainties. Contributing factors included concerns over inflation, potential interest rate hikes, and the ongoing geopolitical tensions that have created volatility in global markets. Similarly, Wall Street faced a tumultuous session, with major indices such as the Dow Jones Industrial Average and the S&P 500 also recording substantial losses. This downward trend reflects the broader apprehensions about economic stability and the challenges that lie ahead for both the UK and US economies as they navigate through complex post-pandemic recovery landscapes. Investors are increasingly cautious, prompting a flight to safety and further exacerbating the declines in stock prices across various sectors.
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