London's blue chip share index has tumbled lower following heavy falls in Asia after US President Donald Trump confirmed sweeping import levies on the UK and countries across the world.The FTSE 100 Index dropped sharply on opening, falling 122.4 points or 1.4% in the first few minutes of trading.European indices suffered steeper falls, with the Dax in Germany and the Cac 40 in France both down more than 2% after Mr Trump's self-declared "liberation day" saw him announce hefty tariffs on imports

London's blue chip share index has tumbled lower following heavy falls in Asia after US President Donald Trump confirmed sweeping import levies on the UK and countries across the world.The FTSE 100 Index dropped sharply on opening, falling 122.4 points or 1.4% in the first few minutes of trading.European indices suffered steeper falls, with the Dax in Germany and the Cac 40 in France both down more than 2% after Mr Trump's self-declared "liberation day" saw him announce hefty tariffs on imports into the US, including a 10% penalty for UK goods.