Donald Trump orders speedier permits for deep-sea mineral projects
US president’s move is part of effort to bolster supply of critical resources
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UK economy faces growth shock from Trump tariffs, says Bank governor
Andrew Bailey says UK not close to recession but he would be ‘encouraged’ if trade deal with US were agreed
The Bank of England’s governor, Andrew Bailey, has said the UK economy faces a “growth shock” as a result of Donald Trump’s trade policies.
Speaking on the sidelines of the International Monetary Fund (IMF) meetings in Washington, Bailey said that while he did not think the UK was close to recession at the moment, “we are certainly quite focused on the growth shock”.
US and China holding talks on trade war, Trump says after Beijing rebuttal
President’s comments follow Chinese government’s denial of ‘baseless’ claim that Washington was close to deal
The US and China held talks on Thursday to help resolve the trade war between the world’s two largest economies, Donald Trump said.
“We may reveal it later, but they had meetings this morning, and we’ve been meeting with China,” the US president told reporters at the White House.
UK economy faces growth shock as result of Trump tariffs, says Bank of England governor
Andrew Bailey said UK not close to recession but he would be ‘encouraged’ if trade deal with US was agreed
The Bank of England’s governor, Andrew Bailey, has said that the UK economy faces a “growth shock” as a result of Donald Trump’s trade policies.
Speaking on the sidelines of the International Monetary Fund (IMF) meetings in Washington, Bailey said that while he did not think the UK is “close to recession” at the moment, “we are certainly quite focused on the growth shock”.
German finance minister says trust not yet broken with U.S., prefers zero-for-zero tariff solution
The trust between Europe and the U.S. is not yet broken despite President Donald Trump’s tariff policies, Joerg Kukies, acting German finance minister, said.
Bank of England chief focused on tariff ‘growth shock’ but downplays UK recession risk
The Bank of England is focused on the potential U.K. growth shock from U.S. tariffs if there is a slowdown in global trade, the central bank’s governor Andrew Bailey said Thursday.