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FTSE 100 Live: UK Stocks Set to Dip on New Tariff Worries

FTSE 100 Live: UK Stocks Set to Dip on New Tariff Worries

Bloomberg8 hours ago
The weakness in stock futures is down to the trade story, which is moving back the fore once again ahead of the tariff deadline next week.
US President Donald Trump said his administration will start sending letters to trading partners on Friday setting unilateral tariff rates that come into force on August 1. The deadline to reach trade deals to avoid higher import duties is July 9.
Trump said the tariffs will range from 'maybe 60 or 70% tariffs to 10 and 20% tariffs,' the top tier of which would be above any levies initially outlined back in April.
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