Business reporter, BBC News
Getty ImagesShares slumped again on Friday as markets continued to react to the uncertainty surrounding the economic impact of US tariffs.
European markets sank further after China hit back with retaliatory tariffs, with the UK FTSE 100 down 3.4% and Germany’s Dax dropping nearly 5%. Asian markets had declined earlier.
The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with US markets having their worst day since the impact of the Covid pandemic in 2020.
Traders are concerned the tariffs will increase prices and weigh on growth in the US and abroad.
Trump told reporters on Thursday he thought things were going “very well”, adding: “The markets are going to boom.”
But on Friday markets continued to slide, then slumped after China imposed additional tariffs of 34% on all US goods from 10 April.
Trump has said the tariffs will boost US…
