Bank of England Governor Andrew Bailey urged the United States on Wednesday to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that U.S. President Donald Trump has imposed this week.

Donald Trump’s trade war will have a ‘substantial’ impact on the UK and global economies, the Governor of the Bank of England has warned.Andrew Bailey told MPs that Britain must ‘dig in’ after tariffs levied by the US President on America’s major trading partners sparked tit-for-tat retaliation.

Donald Trump’s trade tariffs could leave UK consumers with less money, hamper growth, and stoke inflation, warns the Bank of England.

Bank of England warns of ‘substantial’ risks to UK from Trump tariffs - Governor Andrew Bailey cautioned over the ‘major shift’ going on in the US after President Trump imposed trade tariffs on various countries.

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

The Bank of England’s Governor, Andrew Bailey, has called on the United States to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that US President Donald Trump imposed this week.