Global markets have dropped for a second day, as Donald Trump’s raft of worldwide tariffs continues to spark fears of a global downturn
London’s FTSE 100 index falls on opening and follows further declines in the Asian markets overnight
Trump says his tariffs rollout is going “very well” and the economy is going to “boom”, after US markets closed on Thursday with the biggest one-day loss since the pandemic hit in 2020
Meanwhile, a treasury minister tells the BBC the UK is working “at pace” to secure a deal on trade with the US
From Beijing to Brussels, world leaders are vowing to respond to the minimum 10% tariffs on global imports to the US, which are set to come into effect tomorrow
Higher duties, including 20% on the EU and 54% on China, are due to come into effect from 9 April – here’s the worst-hit nations
