Global markets have dropped for a second day, as Donald Trump’s raft of worldwide tariffs continues to spark fears of a global downturn, the BBC reports.

London’s FTSE 100 index falls on opening and follows further declines in the Asian markets overnight.

Trump says his tariffs rollout is going “very well” and “the markets are going to boom”, after the US markets closed on Thursday with the biggest one-day loss since Covid crashed the economy in 2020.

From Beijing to Brussels, world leaders are vowing to respond to the minimum 10% tariffs on global imports to the US, which are set to come into effect tomorrow

Higher duties – including 20% on the EU and 54% on China – are set to come into effect from 9 April.

(Source: BBC)