Trump tariffs live: China says ‘market has spoken’ after global stocks sink and FTSE sees biggest drop since Covid

China said today "the market has spoken" in rejecting Donald Trump 's tariffs and asked the US to undo the damage by resolving differences with trading partners. "The market has spoken," Chinese foreign ministry spokesperson Guo Jiakun said in a post on Facebook this morning, posting a picture capturing Friday's falls on US markets. "Now is the time for the US to stop doing the wrong things and resolve the differences with trading partners through equal-footed consultation," Mr Guo wrote in English.

The UK’s key FTSE-100 stock market suffered its worst one-day drop since the start of the Covid-19 pandemic, ending a week of havoc on global markets prompted by Donald Trump ’s new tariffs war. The index closed down 419.75 points, or 4.



95 per cent, at 8,054.98, marking the biggest single-day decline since March 2020, when the index lost more than 600 points in one day. All but one FTSE stock fell on Friday, with Rolls-Royce, banks and miners among those suffering the sharpest losses.

Sir Keir Starmer will be holding talks with global leaders this weekend..