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US tariffs could hit UK consumers, Bank experts warn

BBC Business LogoBBC Business17h ago

US tariffs could hit UK consumers, Bank experts warn - BBC Business

Quick Summary:

US president Donald Trump's tariffs could mean less money in UK consumers' pockets, Bank of England experts have warned.

Separately, Bailey also warned of risks should the US leave institutions like the International Monetary Fund (IMF) and the World Bank, which lend to countries to try to avert financial crises.

The US has been ratcheting up trade tensions, and this week imposed new tariffs on imports from Mexico and Canada, and doubled the levy recently put on Chinese goods.

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Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 18:58:00 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 667 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 26683990

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About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 4 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

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It's most recent story was published 12 hours ago.

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  • URL: https://beamstart.com/news/us-tariffs-could-hit-uk-17412017816803

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