Bank of England's Bailey says UK can't avoid U.S. tariff impact — even if it's not in the direct firing line
If tariffs are announced, their effect on the global economy and inflation would need to be looked at, he told CNBC's Steve Sedgwick.
If tariffs are announced, their effect on the global economy and inflation would need to be looked at, he told CNBC's Steve Sedgwick.
President Donald Trump's use of tariffs in his second term defies many historical norms, say economists and historians.
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The Treasury secretary said the current strategy is using the levers of fiscal policy to keep rates low.