Trump tariffs live updates: FTSE hits lowest level in months after market meltdown enters second day

Sir Tony Blair has urged the Sir Kire Stmper not to retaliate against Donald Trump’s tariff, saying that such a step will not happen in the “best interests” of the UK.

This comes when the authorities scrambled to respond to the news that the US would face a 10 percent levy blanket in British exports, scared of tumbling global markets and awakening the Chancellor’s fiscal headroom.

In a rare intervention, the former Prime Minister told the students at King’s College London that he supported Sir Keir’s “calm heads” views for Trump’s “Mukti Divas”, and he did not really understand the intellectual argument behind the tariff policy.

“I don’t think this is the best interest for Britain’s vengeance,” he said, but he admitted that he did not know where the development on the tariff would end.

Jane dalton And Milli Cook This exclusive report has more information:

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With the new tariff of Donald Trump affecting the UK exports, the government of Kir Stmper has to face important decisions.

What does it mean for Britain’s economy and post-breaks trade? How will it affect UK-US and UK-EU relationships?

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French Finance Minister Eric Lombard has opened the door to give a target of deficit deficit target of the French government this year – to remove the possible decrease in development for cuts cut and increase in tax.

Talking to BFM TV, Mr. Lombard said that things were uncertain and it was necessary to wait to see in the coming weeks how the recently announced tariffs declared with the United States to have a better idea of ​​their impact on the French economy.

If tariffs on the European Union – 20 percent amount on European Union imports, some French areas were maintained with high levels – Mr. Lombard said, “Revenue will decrease, GDP will decrease, which will be technically reduced – to reduce the losses, and I think we think we think that we think.

France has targeted to trim its losses up to 5.4 percent of economic production from 5.8 percent last year from 5.8 percent this year, as by 2029 there is a step towards bringing its decrease with the European Union roof of 3 percent by 2029.

But Paris still has one of the largest fiscal intervals in the European Union and unlike other large European countries, it will not be able to bring its debt burden to pre-political level by the end of the decade.

Banking stock is one of the heavy fall on FTSE 100 this morning, as the UK index fell at its lowest level since January 15, with Asia-centered firm standard chartered dropping about 4 percent.

Following specific tariffs on metal production, aluminum such as mining and commodity stocks were also in fellow.

It came on Thursday after heavy losses in global stock markets, further decline in Asian markets.

The Hang Seng index in Hong Kong was 1.5 per cent below and Japan’s Nikkei fell 2.4 per cent, adding damage to the previous season, as the traders continued to digest the impact of Donald Trump’s tariff schemes.

In the US on Thursday, both Dow Jones and S&P Index faced their worst day since 2020.

FTSE is now 1.16 percent below in morning trading, with German’s Dax Index also 1.12 percent and Euronext 100 is down 1.49 percent this morning.

The graph below the London Stock Exchange shows the projection under FTSE in recent times:

A Treasury Minister said that the UK government is “intensively interacting” and “at speed” to secure an economic agreement with the US.

Asked that the government is consulting on potential retrenching action, as most economists said that this would be a big hit for the economy, Treasury Secretary James Murray for the Treasury told Sky News: “We are interacting to secure a deal to secure a deal to secure a deal to secure a deal to secure a deal to go to Washington early this year earlier this year. Are.

“Obviously we are engaged with businesses, we are in this process.

“The next stage of engagement is to ask about their input in terms of Britain’s reaction, what potential measures will be seen, because we want to include businesses in that decision, and we need to clarify that we keep all the options on the table … we reserve the right to retaliation, but we want a deal, and our entire focus is on it.”

Another day in stock markets, there is a possibility of another series of losses.

FTSE 100 is open 0.64 percent below; There is nothing on the scale of destruction of tomorrow’s value in American markets, but Trump’s tariff resulted in the year already left the Hard-Won Ground in the year.

Asian markets are now showing the truth in Europe after facing the spiral overnight: CAC 40 in France, DAX and Euronext 100 in Germany all are all down between two -thirds and a full percentage this morning.

“Liberation Day has left the markets in the event of shock. The situation is liquid, but we believe that tariffs are never away soon. While America has a lot to lose, European Union’s equities are catching relatively well, even more in terms of dollars,”

Foreign Secretary David Lami has said that he regrets the return of protectionism in the United States.

Arrived at Brussels to meet his NATO counterparts, Mr. Lamy told reporters: “The United Kingdom like France is a great maritime nation.

“We are a nation that believes in open trade, and I regret the return of protectionism in the United States, something we have not seen for almost a century. As you know, we are consulting with business and industry. At this time, we are engaged in discussion with the United States to strike an economic agreement and an economic deal.

“And of course, we are perfectly clear that all options are on the table because we ensure the national interests of the British people, which will be very concerned at this time how it affects the lines below for them and their economic welfare.”

Former Tory Chancellor Jeremy Hunt has revived the Brexiter Call to convert Britain into “Singapore-On-Thms”, making the UK a nation by welcoming free trade in response to Donald Trump’s tariff.

Write WireMr. Hunt urged Sir Keir to “oppose the song of protectionism”, saying: “In countries like Singapore, openness can still give excellent results. In the last half century, in the last half century, its standard of living has increased five times faster than us.

“Those who achieve the idea of” Singapore-on-Thames “fail to understand that their success is not a difficult social policy, but a manufacture of international competitive businesses through business will.

“But Singapore did not invent free trade. This honor is from Britain. Even if other people turn on their back on it, we should remember the benefits of one of our biggest gifts to the world.”

The UK has been hung for more market chaos on Friday as the government considers Donald Trump’s reaction to tariffs.

FTSE 100 fell to a three -month low yesterday after the news that British exports would face 10 percent tariff to the US.

A “Indicator List” published by the British government named some American products, which can be targeted in response, including Borbon whiskey, motorcycle, guitar and jeans.

But an immediate response is unlikely as the Trade Secretary Jonathan Reynolds told the MPs that he would conduct four weeks of consultation on counterfeit action.

The government still expects a “economic deal” with the US to secure some discount from the tariff, Prime Minister Sir Kir starrer promised businesses that he would “fight for the best deal for Britain”.