Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: “The FTSE 100 opened slightly lower this morning as fresh trade uncertainty filters through from across the Atlantic.
“The UK had seemingly done its homework, securing a 10 per cent trade deal with the US, but the White House’s new 15 per cent blanket tariff rather takes the shine off that achievement, dragging the UK back into fresh trade uncertainty.
“The new tariff uses a different legal authority, but it is a far blunter instrument than the flexible, targeted tools the administration had been relying on.
“While the White House insists that all existing trade deals remain intact, the EU is already making noises about pausing negotiations until the new landscape becomes clearer.”
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