India, April 9 -- After snapping a four-day losing streak on Tuesday, U.K. stocks have tumbled on Wednesday amid concerns about growth following U.S. President Donald Trump's sweeping tariffs, including a 20% levy on European Union imports becoming effective today.
The benchmark FTSE 100, which dropped to 7,618.01 earlier in the session, was down 273.14 points or 3.45% at 7,637.39 about a quarter past noon.
U.S. President Donald Trump pushed ahead with higher duties on roughly 60 trading partners that he dubbed the "worst offenders." The latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, take effect today.
Trump also proposed the imposition of a "major" tariff on drug imports in a bid to stimulate domestic drug...