Bank of England Governor Andrew Bailey urged the United States on Wednesday to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that U.S. President Donald Trump has imposed this week.

Donald Trump’s trade tariffs could leave UK consumers with less money, hamper growth, and stoke inflation, warns the Bank of England.

The Bank of England’s Governor, Andrew Bailey, has called on the United States to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that US President Donald Trump imposed this week.

Bank of England warns of ‘substantial’ risks to UK from Trump tariffs - Governor Andrew Bailey cautioned over the ‘major shift’ going on in the US after President Trump imposed trade tariffs on various countries.