UK shares tracked global equities lower on Tuesday, after the U.S. hit top trading partners with new tariffs, while falling oil prices weighed on shares of energy companies.

With new tariffs on imports, several everyday goods are likely to become more expensive for American consumers. Cars and auto parts, many of which are produced through an integrated North American supply chain,

Retailers including Best Buy and Target are warning that Trump administration tariffs will force them to hike their prices.