G-7 central banks prepare first responses to US tariff chaos

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Bangkok Post 1d ago

G-7 central banks prepare first responses to US tariff chaos - Bangkok Post

Quick Summary:

The first Group of Seven monetary policy decisions since President Donald Trump’s trade war unleashed global market turmoil may prompt diverging responses from either side of the Atlantic.

The following day, inflation numbers are likely to show weakening on both headline and underlying measures, though still with outcomes that remain well above the 2% level targeted by the Bank of England.

On Friday, China retaliated against Trump’s latest tariffs by hiking duties on all US goods, calling the administration’s actions a “joke,” and saying it no longer considers them worth matching.