FTSE Rockets to Record as Traders Dismiss Trump’s Tariff Games

Investor enthusiasm sent the FTSE 100 soaring to 8,975 points, a new record, on expectations that Donald Trump’s tariff threats are just political bluster. Despite a recent announcement of new copper import duties, markets remained calm and even buoyant.
Mining and defense stocks once again drove the index’s performance. Anglo American, Glencore, and Rio Tinto posted gains as copper prices rose, while defense firms saw gains amid forecasts of rising arms spending.
Analysts attribute the calm reaction to tariff fatigue—a growing belief that Trump’s trade threats are unlikely to result in serious economic disruption. Instead, investors are placing bets on global growth and commodity demand.
The FTSE’s rally comes alongside similar gains in Germany and the U.S., reinforcing the idea that markets are focused more on fundamentals and earnings than political showdowns.