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Britain’s stock market has suffered its steepest one-day drop since the early phase of Donald Trump’s trade war, as the sell-off gripping global markets swept through London. The blue-chip FTSE 100 closed 123 points lower, down 1.27% at 9,552, marking its weakest finish since 22 October. Today’s decline is the sharpest since 7 April, shortly after Trump unveiled his so-called “Liberation Day” tariffs that rattled markets worldwide. Among the biggest fallers were Melrose (-3.9%), Antofagasta (-3.7%) and private-equity group 3i (-3.6%), reflecting the broad-based pressure across industrials, commodities and financials.