Britain to pay higher Trump tariffs than EU

Thanks for joining me. Shares fell in Asia overnight after Donald Trump unleashed a new wave of tariffs, piling more pressure on markets rocked by surging oil prices.Japan’s Nikkei sank 2.7pc in the wake of the US President announcing higher import taxes on goods from 60 trading partners, pushing up inflation fears.This will include 10pc tariffs on the UK, which is among countries the US claims has done enough to ban items produced by forced labour.However, the FTSE 100 and other European stocks shrugged off the new levies, with most indexes little changed on Friday.South Korea’s Kospi tumbled 5.7pc and was set for a fifth straight ‌week of declines as the price of oil rose briefly above $101 a barrel. It touched $102 on Thursday, which was its highest level since May.Elsewhere, Hong ⁠Kong