High tariff regime in the US is ‘here to stay’ – BoE’s Taylor – Central Banking
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Impact on trade flows and pricing will take years to play out, MPC member says
Alan Taylor
New tariffs implemented by the US are a sign that a high-tariff regime is here to stay, an external member of the Bank of England’s monetary policy committee said today (February 23).
Alan Taylor discussed Donald Trump’s trade policy after the US Supreme Court’s ruling on February 20 that the president had exceeded his authority in enacting tariffs using the International Emergency Economic Powers Act.
“The fundamental thing to realise is those tariffs are here to stay at some kind of number
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