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flag U.S. tariffs rise, spurring market swings, gold gains, and mixed UK stock moves.

flag The FTSE 100 fluctuated on Monday, February 23, 2026, as markets reacted to U.S. President Donald Trump’s announcement of a 15% global tariff, up from 10%, following a Supreme Court ruling that invalidated his emergency-based tariffs. flag The move, set to last 150 days unless extended by Congress, sparked investor anxiety, though the index closed nearly flat after initial declines. flag Gold miners rose on safe-haven demand, while Johnson Matthey plunged 15% after lowering its sale price for a unit to Honeywell. flag JD Sports surged on a £200 million buyback, and HSBC gained, helping offset broader losses. flag Political uncertainty in the UK and global trade tensions weighed on sentiment, with the pound strengthening and equities in Europe mostly down.

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