Liberation Day, the unveiling of the White House’s new trade policy, is imminent, but the specifics and impact remain unclear as President Trump delays revealing the next round of tariffs until Wednesday. While all nations may face new levies, industries such as steel, aluminium, and auto parts are already experiencing additional import costs. Despite global uncertainty, the UK stock market has shown resilience, with the FTSE 100 up over 5% year-to-date, while smaller businesses have been more adversely affected. Investors remain cautious, but some have shown confidence by buying on price weaknesses ahead of the upcoming tariffs.
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