If the tariff-loving Trump goes ahead with his plans, it will hit AstraZeneca - the most valuable company on the UK stock market - and also rival GSK, another stalwart of the FTSE 100.
If the tariff-loving Trump goes ahead with his plans, it will hit AstraZeneca - the most valuable company on the UK stock market - and also rival GSK, another stalwart of the FTSE 100.
In a dramatic climbdown, the US President said a blizzard of 'reciprocal' tariffs on countries worldwide would be put on hold to allow time for trade talks.
The FTSE opened down 2 per cent after the President's latest round of tariffs, which have shaken a global trading order that has persisted for decades and raised fears of recession.
The PM and Chancellor Rachel Reeves used a visit to a Jaguar Land Rover to fight to lessen the impact of the US import tax regime, as Wall Street became the latest market to nose dive.
The FTSE 100 was again whacked today by the fallout from the president's astonishing move to hike import taxes on goods entering the US, hitting its lowest lowest level in a year.