Stock markets have continued to tumble after US President Donald Trump announced tariffs, sparking fears of recession in the UK and around the world.
In Europe, markets opened sharply lower on Monday. Britain’s FTSE 100 dropped 241.88 points – or 3% – within minutes, Germany’s DAX fell by 7.6%, while France’s CAC 40 was down 7%.
How will this impact the UK economy? Fergus Jimenez-England from the National Institute of Economic and Social Research spoke with ITV News reporter Sam Holder.
He said: “These tariffs have been hugely disruptive.”
“It’s difficult to state just how disruptive these tariffs have been and will continue to be for the world economy.”
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