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Trump’s trade tariffs would threaten economic growth, Bank of England’s Lombardelli warns – business live

Rolling coverage of the latest economic and financial newsTrump’s tariff threat sets stage for bitter global trade warUS tariffs would also have an impact on American consumers.Economists at Deutsche Bank have calculated that if Trump’s threatened tariffs were fully implemented, US core PCE inflation for 2025 could increase from 2.6% to 3.7%.“With the potential threat of tariff hikes in 2025, it’s likely China’s policymakers would come up with further stimulus packages to counter downward economic growth pressure from domestic cyclical weakness and increased external uncertainty.There remains plenty of scope for China to surprise the markets.” Continue reading...

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