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		</div><p>The FTSE 100 has plunged lower after Donald Trump threatened to slap hefty tariffs on France and the EU.</p>
<p>The index slid to its lowest level since late October after the renewed threat of tariffs stoked fears that it could impact UK-EU relations.</p>
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<p>London’s top flight, which predominantly consists of international-focused firms, dived more than 134 points to 5,151 points on Tuesday afternoon, in its biggest decline for two months.</p>
<p>Global trading sentiment was also knocked on Tuesday as President Trump raised fresh doubts over the US-China trade deal.</p>
<figure id="attachment_145510" aria-describedby="caption-attachment-145510" style="width: 600px" class="wp-caption aligncenter"><img class="size-full wp-image-145510" src="https://londonglossy.com/wp-content/uploads/2019/12/6CFC0BA1-F069-4577-A0A4-238ADC49EA50.jpeg" alt="" width="600" height="400" /><figcaption id="caption-attachment-145510" class="wp-caption-text">US president Donald Trump travelled to London as Nato leaders gathered to mark 70 years of the alliance</figcaption></figure>
<p>Over the past two months, the FTSE and major European markets had strengthened on optimism over a calm in trade tensions between the two global powers.</p>
<p>But Mr Trump stoked new concerns at a London press conference, stating that he “likes” the idea of “waiting until after the election for the China deal”.</p>
<p>Only a handful of UK-based blue chip firms have risen, with multinational steel firm Evraz leading the fallers after slumping more than 7%.</p>
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<blockquote><p>Combined with the barrage of tariff threats on the EU, the comments can be taken as a sign that the White House has no qualms about levying further tariffs</p></blockquote>
<p>Neil Wilson, chief market analyst at Markets.com, said: “Equity markets in Europe and US futures were hit as Donald Trump upped the ante again on trade, warning that there is no deadline for doing a deal with China and that it’s probably better to wait until 2020 and even after the November presidential election to agree terms.</p>
<p>“Combined with the barrage of tariff threats on the EU, the comments can be taken as a sign that the White House has no qualms about levying further tariffs and is happy about using trade as a economic, political and diplomatic weapon.</p>
<p>“Of course, Donald Trump’s shoot-from-the-hip comments in these kind of interviews need to be taken with a dose of salt.”</p>
<p>The FTSE 100 was also impacted by the strengthening value of the pound, which rose after UK construction activity improved in November, despite remaining in contraction.</p>
<p>The value of the pound rose by 0.45% to 1.299 against the dollar and it rose 0.37% to 1.172 against the euro.</p>
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