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The Independent UK

Business

Alex Daniel

Bank of England boss warns over ‘fragmenting’ world economy amid Trump tariffs

Andrew Bailey Economy Donald Trump United Kingdom United States Bank of England

Andrew Bailey is the governor of the Bank of England (Alberto Pezzali/PA) - (PA Wire)

The Governor of the Bank of England has warned over “fragmenting” the world economy amid promises from Donald Trump that he will impose steep trade tariffs on other countries.

Speaking to MPs on Tuesday, Andrew Bailey said the UK should keep an “active dialogue” with the incoming US administration, following Mr Trump’s election win.

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