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Although UK may avoid tariffs, overall productivity could be impacted by tit-for-tat tariffs between economiesA full-blown trade war would pose a “substantial” threat to the British economy, Bank of England governor Andrew Bailey has warned.Donald Trump struck Canadian and Mexican imports with new duties of 25% at midnight on Tuesday, and also levied extra 20% tariffs against Chinese goods, triggering retaliatory moves. He also threatened to place sweeping 25% tariffs on EU imports last week. Continue reading…
Although UK may avoid tariffs, overall productivity could be impacted by tit-for-tat tariffs between economies
A full-blown trade war would pose a “substantial” threat to the British economy, Bank of England governor Andrew Bailey has warned.
Donald Trump struck Canadian and Mexican imports with new duties of 25% at midnight on Tuesday, and also levied extra 20% tariffs against Chinese goods, triggering retaliatory moves. He also threatened to place sweeping 25% tariffs on EU imports last week.
