The FTSE 100 closed broadly flat at 7,034 points on Wednesday having dropped to 6,971.7 just before midday following the news that China is placing a retaliatory 25% tariff on 106 US products.
The announcement hammered US equities as the Dow Jones plunged 500 points, 2.11%, on opening with the S&P 500 down 1.45%.
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