Trump tariff on China could lower global inflation, says UK economist
Bank of England’s Swati Dhingra says threatened 60% tariff could lead exporters to cut prices elsewhere
Donald Trump imposing massive US tariffs on Chinese imports could drag down global inflation by lowering the price of goods in other countries, a senior Bank of England policymaker has said.
Swati Dhingra, an external member of the Bank’s rate-setting monetary policy committee, said Trump imposing a threatened 60% tariff on goods from China sold in the US could lead Chinese exporters to cut their prices elsewhere to ensure they maintained current trade volumes.
Continue reading...
Read more at The Guardian
Topics
-
Fed's Kashkari says Trump tariffs could reheat inflation if they provoke global trade 'tit for tat'
Business - CNBC - November 10 -
Trump’s Economic Plans Could Worsen Inflation, Economists Say
Business - The New York Times - November 6 -
A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse
World - ABC News - November 13 -
Why one economist says Elon Musk could hold the key to lower mortgage rates
Business - MarketWatch - November 14 -
Reeves hints UK will urge Trump not to raise tariffs as economists fear his policies will cut growth – UK politics live
World - The Guardian - November 6 -
UK must offer Trump concessions on China to avoid tariffs says senior MP
World - Financial Times - November 14 -
Trump tariffs could cost UK £22bn of exports
Top stories - BBC News - November 8 -
Trump Tariffs Could Hurt Shrinking Global Luxury Goods Market
Business - Inc. - November 13
More from The Guardian
-
Displaced residents return to southern Lebanon as Israel-Hezbollah ceasefire appears to hold – Middle East crisis live
World - The Guardian - 20 minutes ago -
Trump announces more picks including US trade chief and health deputy
World - The Guardian - 5 hours ago -
British mother of Egyptian political prisoner to press Lammy to take action
World - The Guardian - 2 hours ago -
Seoul slows down under blanket of heaviest November snow in 100 years
World - The Guardian - 1 hour ago -
Bolsonaro allies nearly launched military coup in 2022, police report says
World - The Guardian - 10 hours ago