FTSE 100 Recovers After Trump Tariff Turmoil

The FTSE 100 experienced a rebound of over 1.5% this morning following significant losses due to President Trump's proposed tariffs, which have instigated fears of a global trade war. Despite the recovery, analysts warn this may not signify the end of market volatility, especially as Trump has indicated intentions to raise tariffs on China to over 100%. Meanwhile, China has vowed to retaliate against U.S. tariffs, suggesting a tit-for-tat escalation in the ongoing trade tensions. The positive trend in European markets follows a more stable session in Asia, where Japan's Nikkei index surged nearly 6%. Additionally, the pound has shown signs of recovery against the dollar after reaching a one-year low. Overall, while some markets are stabilizing, the threat of further tariffs looms large, keeping investors on edge.