Trump tariffs live: 10% tariff kicks in for UK after US stocks and FTSE 100 see biggest drops since Covid

A 10 per cent tariff on UK imports into America was implemented by President Donald Trump, with higher levies on goods from 57 larger trading partners set to begin next week. The UK’s FTSE-100 stock market experienced its worst one-day drop since the Covid-19 pandemic began, closing down nearly 5%. Sir Keir Starmer will be engaging in discussions with global leaders as countries contemplate how to respond to the new tariffs, while China urged the US to resolve differences with trading partners and reverse the damage caused by the tariffs.

Full Article