Inventory markets have plunged around the globe after Donald Trump raised the stakes in his world commerce battle.
European markets fell closely after Hong Kong’s Cling Seng index dropped 3.4pc in a single day in its greatest fall since October, whereas Japan’s Nikkei 225 sank by 2.9pc in its sharpest decline since September.
The Cac 40 in Paris and the Dax in Frankfurt every dropped 0.7pc whereas the internationally-focused FTSE 100 in London fell 0.3pc.
It comes after the US president introduced he would push forward with 25pc tariffs on imports from Mexico and Canada and to double tariffs on Chinese language merchandise to 20pc.
He has additionally warned the European Union that it could possibly be hit with 25pc duties.
Nevertheless, in a lift for Britain, Mr Trump urged the UK could possibly be exempted from his tariffs following his assembly with Sir Keir Starmer.
He additionally stated that the 2 nations would find yourself with an excellent commerce settlement that may be finalised rapidly.
Learn the most recent updates beneath.