FTSE 100 Stagnates Amid Trump's Tariff Threats and Market Uncertainty
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The FTSE 100 showed little movement as former U.S. President Donald Trump reignited concerns over global trade by sending out letters hinting at potential tariff increases. Trump warned of levies as high as 70% on certain imports, sparking unease among investors already grappling with market volatility. The index remained flat, reflecting cautious sentiment as traders weighed the implications of renewed trade tensions. Analysts noted that such measures could disrupt supply chains and inflate costs, particularly for industries reliant on international trade. Meanwhile, attention also turned to the ongoing U.S. tax and spending bill debates, which could further influence market dynamics in the coming weeks. The combination of geopolitical uncertainty and domestic fiscal policy discussions has left investors in a holding pattern, awaiting clearer signals before making significant moves.
