BOE Rate-Setter Taylor Says Trump Tariffs Are ‘Here to Stay’

Bank of England rate-setter Alan Taylor said the shock waves from US tariffs on global trade and UK inflation will play over many years as he played down last week’s Supreme Court ruling against President Donald Trump’s signature economic policy.

Taylor said on Monday that the experience from the 1930s, when there was last a sharp increase in US protectionism, shows that the effects will take time to unfold.