FTSE 100 Faces Turmoil After Trump's Tariff Shockwaves as Markets Suffer
The FTSE 100 endured a steep 4.95% one-day decline after President Trump's unexpected tariff proclamations. Key players like Standard Chartered, HSBC, Shell, and BP saw significant losses. Surprisingly, defensive sectors including utilities and supermarkets gained, showing resilience. Amid escalating trade tensions, China issued its tariff response, while influential voices like Richard Branson criticized the U.S. strategy.
Continue Reading
