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US tariffs could hit UK consumers, Bailey says

Source: BBC

US president Donald Trump's tariffs could mean less money in UK consumers' pockets, Bank of England experts have warned.Tariffs could hit growth and pose "substantial" risks to the UK and world economies, the Bank's governor Andrew Bailey has said.His colleagues added trade frictions could hurt companies in the UK and elsewhere.Bailey urged for trade disputes to be settled globally, and stressed the importance of…

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