The FTSE 100 extended its gains on Friday, reaching levels last seen before President Donald Trump announced global trade tariffs in early April.
Traders reacted to Trump’s announcement that the US will set new tariff rates in the coming weeks, though his administration cannot negotiate trade deals with all countries simultaneously due to limited capacity.
Trump said, “I think we’re going to be very fair.
But it’s not possible to meet the number of people that want to see us,” during a meeting in the UAE. This follows recent US trade deals, including tariff relief with the UK and reductions agreed with China.
Leading gainers included British American Tobacco (+3.6%), B&M European Value (2.5%), and GSK (2.4%), while Anglo American (-3.6%), Fresnillo (-2%), Antofagasta (-1.9%), Melrose (-1.8%), and Glencore (-1.7%) were among the biggest decliners.
