Rolls-Royce stock plummets 10% amid global trade war fears and new tariffs
Shares in the FTSE heavyweight Rolls-Royce plummeted by as much as 10% on Friday amid escalating fears of a global trade war. The global markets took a hit after China declared a 34% retaliatory tariff against the US.
As a significant exporter of aircraft and marine engines, as well as power systems, Rolls-Royce saw its stock price drop to a one-month low of 682p, as reported by City AM.
The company's operations are deeply integrated into the global supply chain, relying on components from various countries
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