Trump Trade War could have a “substantial” impact on the United Kingdom, explains Bank of England Boss – Politico

“We cannot ignore it, frankly, at this stage, because of the risks for the British situation, the growth of the United Kingdom … The impact on inflation could be ambiguous, but the risks for the British economy, and indeed the global economy, are substantial.”

Bailey also warned of what he described as a “very damaging thing for the world” if President Donald Trump had decided to withdraw the United States from organizations such as the World Bank and the International Monetary Fund, after the administration began an examination of the members of the country of international Fora.

“If you think the global economy is somehow unbalanced, the place to respond to these sales is in a multilateral forum, not by bilateral action,” said Bailey.