US EditionUS tariffs could hit UK consumers, Bailey says
- A UK–U.S. Trade deal may protect Britain from new U.S. tariffs, as confirmed by Prime Minister Sir Keir Starmer.
- The United States has increased taxes on imports from Mexico and Canada by 25 percent and doubled tariffs on China to 20 percent.
- Andrew Bailey, Governor of the Bank of England, warned that new U.S. Trade policies pose substantial risks to both the UK and world economy, likely causing higher prices and inflation.
- The British Chamber of Commerce emphasized that a trade deal could strengthen business relations, highlighting £700 billion of U.S. Investment in the UK and £300 billion in annual bilateral trade.
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UK–US Trade Deal Could Insulate Britain From New Tariffs: Analysis
A UK–U.S. trade deal could help shield Britain from new U.S. tariffs, analysts suggest, as discussions continue following Prime Minister Sir Keir Starmer’s visit to Washington last week. British and U.S. officials have agreed to “sit down rapidly to talk through an economic deal,” Starmer confirmed on Wednesday. He told MPs that a deal would be “far better than getting drawn into conflict in relation to tariffs.” On Tuesday, the United States pu…
·New York, United States
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Bank of England sounds alarm on 'substantial' risks to UK economy – 'Rapid interest rate cuts unlikely!'
The Bank of England governor has warned of 'substantial' risks to the UK economy, which could keep interest rates higher for longer—piling pressure on millions of households
·London, United Kingdom
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Total News Sources21
Leaning Left4Leaning Right7Center2Last UpdatedBias Distribution54% Right
Bias Distribution
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54% Right
L 31%
15%
R 54%
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