"Trump said he would impose a 10% tariff on the seven nations beginning 1 February, on any and all goods sent to the United States of America, with an increase to 25% on 1 June. There will be hundreds of different opinions on how this will all pan out but remember that the tariffs announced on liberation day' were ultimately softened a week later, said analysts at Deutsche Bank."
"In the UK, the FTSE 100 fell 0.4% after stock markets closed down overnight in Asia as investors turned to safe haven assets such as gold and silver. France's Cac 40 fell 1.6%, Germany's Dax was down 1.4% and Spain's Ibex 35 fell nearly 1% in early trading. The Treasury confirmed Reeves would not attend the event at the stock exchange in the City."
Rachel Reeves withdrew from a London Stock Exchange appearance after Donald Trump's threat to impose tariffs tied to Greenland. Markets opened lower on Monday, with the FTSE 100 down 0.4% after overnight Asian declines and investors moved into safe havens like gold and silver. Other European indices fell, with France's Cac 40 down 1.6%, Germany's Dax down 1.4% and Spain's Ibex 35 nearly 1% lower. Reeves attended a Downing Street press conference with Prime Minister Keir Starmer, who urged calm discussion between allies. The exchange event went ahead without Reeves, fronted by LSE chief Julia Hoggett, while analysts warned that tariff threats remain real and damaging despite past softenings.
Read at www.theguardian.com
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