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Stock impact report

Global stock markets suffer sell-off in aftermath of US tariffs [Yahoo! Finance]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Yahoo! Finance
Mr Trump's plans to impose sweeping tariffs has stoked fears over the outlook for global economic growth and a possible recession in the United States. This led stock markets all round the world to suffer steep losses on Thursday. In the UK, the FTSE 100 dropped 133.74 points, or 1.55%, to close at 8,474.74 – the lowest level since mid-January. The UK is being hit with a 10% tariff on all exports – compared with a 20% rate facing the European Union, and significantly higher levies for countries such as China and Indonesia. European indices suffered steeper falls as a result, with the Dax in Germany plunging 3.08% and the Cac 40 in France closing 3.31% lower on Thursday. Markets across US were facing a battering in early trading over on Wall Street. The country's top index, the S&P 500, was tanking by about 4% when European markets closed – hitting the lowest level since September. The Dow Jones tumbled around 3.3%, while the technology-focused Nasdaq index plunged about Show less Read more
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