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Bank of England: Trump's tariffs are expected to slow inflation in Britain!
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Meghan Green, the policy official at the Bank of England, stated that U.S. President Donald Trump's tariffs are likely to lead to a decrease in inflation in Britain rather than an increase. However, there are still significant doubts about the plan and the impact of the recent tax increase in the United Kingdom on employers.
Green added in a discussion with the Atlantic Council think tank on the sidelines of the International Monetary Fund's spring meeting: "We have tariffs, and none of us knows what they will look like when things settle down."
Meghan Green, the policy official at the Bank of England, stated that U.S. President Donald Trump's tariffs are likely to lead to a decrease in inflation in Britain rather than an increase. However, there are still significant doubts about the plan and the impact of the recent tax increase in the United Kingdom on employers.
Green added in a discussion with the Atlantic Council think tank on the sidelines of the International Monetary Fund's spring meeting: "We have tariffs, and none of us knows what they will look like when things settle down."
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