US ready impose tariffs on China

US ready impose tariffs on China

The FTSE 100 slid 1.225pc at 7,597.79 after the US said it was ready to impose $200 billion worth of tariffs on Chinese goods.

Mining giants were amongst the worst performers on the FTSE 100 with Anglo American, Evraz and Rio Tinto down 3.40pc, 5.15pc and 3.40pc respectively.

Brent crude plummeted 2.08pc at $2.08pc following growing threats of US tariffs on Chinese goods and the reopening of Libya’s key oil export terminal.

Sterling dropped below the $1.33 park against the dollar as investors tried to gather whether the recent resignation of Cabinet ministers would impact the expected rise in interest rates this summer.

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