India, Feb. 3 -- Global stock markets partially recovered from sharp falls earlier on Monday as investors scrambled to react to US President Donald Trump imposing trade tariffs on Canada and China, but delaying similar measures for Mexico.

The FTSE 100 had slumped early in the day, as Trump said the UK is "out of line", but eventually made a partial comeback to close 1% down.

It was still the biggest one-day drop of 2025 so far, but the UK's blue chip share index was shielded from the worst of the falls as the US president said he thinks a deal "can be worked out" with Britain. European stocks suffered steeper declines, after Trump said tariffs on goods from the EU will "definitely" happen.

The Cac 40 in France and Germany's Dax both s...