British equities jumped on Thursday, with the FTSE 100 closing 3.19% higher, after US President Donald Trump imposed a minimum additional tariff of 10% on non-retaliating countries as part of a 90-day pause on higher levies.
“Indeed, a 10% minimum universal tariff represents the largest tariff increase in decades and heightened trade uncertainty is likely to linger, with limited visibility on what kind of deals the US would find acceptable,” Deutsche Bank Research said. “Perhaps most crucially, we are currently still on course for a disorderly economic decoupling between the world’s two largest economies, with no immediate signs of either US or China backing down.”
On the economic front, the UK Royal Institution of Chartered Surveyors’ house price balance decreased to 2% in March, from 11% in the previous month, with respondents suspecting downward pressure on house prices in the short term.
In corporate news, Barclays BARC led…
