IPOs

Why Trump’s tariffs could play into the LSE’s hands

‘In the medium-term this might be good for the London Stock Exchange’

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Advisers say US capital markets will bear the brunt of the president’s trade war Photo: Chip Somodevilla/Getty Images

As Donald Trump’s tariffs continue to rock world markets, advisers are predicting an unexpected winner could emerge: the London Stock Exchange.

The president has long expressed a desire to increase levies on other countries’ imports into the US to rectify what he sees as unfair trade practices. However, his ‘Liberation Day’ tariffs announced on 2 April have still led to major falls across global indexes and stalled a host of planned capital raisings.

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