BOE’s Mann Says China Is Raising Export Prices Due to US Tariffs

President Donald Trump’s trade wars are contributing to UK inflation as China raises prices on exports to Britain to recover the cost of US tariffs, Bank of England policymaker Catherine Mann said.

In a speech at the Global Interdependence Center in California, Mann dismissed arguments that the UK will benefit from disinflation as China diverts trade from the US, while comparing Britain’s pedestrian growth rate to a “horse and pony.”