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Body blow for Starmer as Trump says UK should be 'happy' with 10% tariffs and aides 'pour cold water on hopes of deal' - with shares still plunging and JCB chief warning PM NOT to retaliate because Britain 'can't win a trade war'

The FTSE 100 fell another 60 points this morning after the US president's trade war  sparked a global rout - wiping £2trillion off company values.