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Thursday, 5 July 2018

Carney tells Trump escalation of trade war will hurt US most

Bank of England governor says tariffs announced so far have already slowed global economy

The governor of the Bank of England has warned Donald Trump that further escalation of US trade disputes around the world would damage the American economy most, with potential to lower US growth by around 5%.

Mark Carney said the tariffs announced so far by the president on goods from China, the EU and several other countries, combined with their retaliatory measures, had already slowed the global economy.

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from The Guardian https://ift.tt/2u7Pyvo

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