Global stocks sank on the second day of market turmoil as investors reacted to President Trump‘s announcement of new tariffs on Chinese goods. The FTSE saw its biggest drop since the Covid pandemic began, with other major indexes also experiencing significant losses.
The Trump administration’s decision to impose tariffs on $200 billion worth of Chinese goods has sparked fears of a trade war between the world’s two largest economies. This has led to a sell-off in global markets, with investors concerned about the potential impact on economic growth and corporate profits.
In response to the tariffs, China has vowed to retaliate with its own measures, further escalating tensions between the two countries. The uncertainty surrounding the trade dispute has rattled investors, leading to a sharp decline in stock prices around the world.
The FTSE 100 index in London fell by more than 3% on the news, marking its biggest one-day drop since the start of the Covid pandemic. Other major indexes, including the Dow Jones Industrial Average and the S&P 500, also saw significant losses.
Investors are now closely watching for any signs of de-escalation in the trade dispute between the US and China. However, with both sides digging in their heels, the prospect of a resolution in the near term appears unlikely. This has left markets on edge, with further volatility expected in the days ahead.
Taiwan has unveiled a £6.7 billion aid package to help companies deal with US tariffs. This comes as Wall Street suffers from Trump’s aggressive tariff policies, leading to a significant sell-off in stocks. Prime Minister Keir Starmer has been holding calls with Australian and Italian leaders to discuss the impact of tariffs. The TikTok deal has been put on hold due to objections from China over tariffs. Trump’s tariffs are also putting pressure on Republicans as they struggle to pass his agenda. The US Senate is working late to pass a budget plan that includes Trump’s tariffs. Investment banks predict that Trump’s tariffs will lead to quicker interest rate cuts in the US and EU. Senator Rubio has been discussing tariffs with Prime Minister Netanyahu, according to the State Department.
Global stocks sank on the second day of market turmoil as investors reacted to President Trump’s announcement of new tariffs on Chinese goods. The FTSE saw its biggest drop since the Covid pandemic began, with other major indexes also experiencing significant losses.
The Trump administration’s decision to impose tariffs on $200 billion worth of Chinese goods has sparked fears of a trade war between the world’s two largest economies. This has led to a sell-off in global markets, with investors concerned about the potential impact on economic growth and corporate profits.
In response to the tariffs, China has vowed to retaliate with its own measures, further escalating tensions between the two countries. The uncertainty surrounding the trade dispute has rattled investors, leading to a sharp decline in stock prices around the world.
The FTSE 100 index in London fell by more than 3% on the news, marking its biggest one-day drop since the start of the Covid pandemic. Other major indexes, including the Dow Jones Industrial Average and the S&P 500, also saw significant losses.
Investors are now closely watching for any signs of de-escalation in the trade dispute between the US and China. However, with both sides digging in their heels, the prospect of a resolution in the near term appears unlikely. This has left markets on edge, with further volatility expected in the days ahead.
https://www.independent.co.uk/news/business/trump-tariffs-uk-ftse-china-live-news-b2727497.html
