1 week Ago By Fran Winston
Good Morning Britain presenter Sean Fletcher halted the show for breaking news about Donald Trump 's tariffs of 104% on China. He cut to the ITV show's US correspondent Noel Phillips who explained the fallout from the action. "This tit for tat throw down between the two most powerful men in the world could potentially cripple the global economy," he explained.
"Beijing has accused Donald Trump of blackmail and has vowed to fight until the end. Donald Trump , on the other hand, is convinced that his new policies will ultimately pay off. "The FTSE 100 is down 2.
5% after opening just moments ago in London, here on Wall Street, you can see the New York Stock Exchange board behind me. You can probably see those red figures, and that is not a good sign. That just goes to show how uncertainty is crippling the economy here and also in Asia.
And later today, the president is expected to announce more tariff increases on pharmaceuticals coming into the country from foreign countries. That move is an attempt to try and convince drug companies to move their businesses here (to) America. So there's a lot really at play here, and it's a big gamble for Donald Trump , and as I've been finding out, his tariffs were already impacting small businesses even before they were introduced.
(And) as tariffs now take effect, the reality is starting to sink in." This is a breaking live TV story, the Showbiz Express.co.
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