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Evening Standard

Christopher McKeon

Stock market slides again as Trump tariffs come into effect

Trade Donald Trump India Rachel Reeves United Kingdom

Donald Trump’s tariffs came into effect overnight (AP Photo/Evan Vucci) - (AP)

UK stocks fell sharply again on Wednesday morning as Donald Trump’s worldwide tariffs came into effect.

The import taxes announced by the US President last week, including a 10% charge on UK goods and a new 104% rate on some Chinese imports, took effect from midnight Washington time – just after 5am in the UK.

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