The London market dropped sharply after heavy overnight falls on Wall Street after US President Donald Trump moved forward with planned tariffs against Canada and Mexico and doubled the levy on Chinese imports.The FTSE 100 Index retreated from record highs notched up on Monday to drop more than 60 points at one stage after opening, later standing around 0.5% down at 8823.Falls were also seen across Europe, with the Dax in Germany sinking 1.7%, while the Cac 40 in France was 1% down.

The London market dropped sharply after heavy overnight falls on Wall Street after US President Donald Trump moved forward with planned tariffs against Canada and Mexico and doubled the levy on Chinese imports.The FTSE 100 Index retreated from record highs notched up on Monday to drop more than 60 points at one stage after opening, later standing around 0.5% down at 8823.Falls were also seen across Europe, with the Dax in Germany sinking 1.7%, while the Cac 40 in France was 1% down.