Donald Trump’s threat to impose 10% additional trade tariffs against China next week has hit shares

The UK’s blue chip share index has dropped this morning, as fears over new US tariffs on China hit miners listed on the London stock exchange.

The FTSE 100 has dropped by 39 points, or 0.45%, to 8716 points, wiping out yesterday’s gains.

Tariffs continue to drive the narrative, and talk of a reprieve for Canada and Mexico has evaporated as next Tuesday’s deadline approaches.

President Trump has also vowed to slap an additional 10% import duty onto Chinese goods, as he leans heavily on the anti-fentanyl narrative to justify the trade restrictions. The only certainty in this saga is uncertainty, so keep a close eye on developments between now and 4 March. Next on the agenda is reciprocal tariffs pencilled in for 2 April with other major US trading partners. The EU, in particular, will be in focus.