In the City: The Risk US Tariffs Pose to the UK Economy
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 24 April 2025
⏱️ 18 minutes
🧾️ Download transcript
Summary
On Tuesday, Megan Greene, one of the Bank of England’s most hawkish policymakers, said that while President Donald Trump’s wave of global tariffs is likely to raise prices in the US, the effect in the UK could be the opposite. “I think that the tariffs actually represent more of a disinflationary risk than an inflationary risk,” she says.
On this week’s In The City, host Francine Lacqua sits down with Bloomberg UK economy reporter Tom Rees to break down Greene’s comments. They explore how US tariffs could create disinflationary pressure in the UK through trade diversion, and what that means for the BOE's outlook—including the likelihood of aggressive rate cuts and the use of quantitative easing.
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| 1:01.2 | Bloomberg Audio Studios, |
| 1:03.7 | Podcasts, Radio News. Welcome to In The City. |
| 1:17.6 | Each week we unpack a story that's crucial to the world's financial capitals. |
| 1:21.6 | I'm Francine-Lacqua. |
| 1:22.9 | And this week, no surprise. |
| 1:24.0 | The story, of course, that continues to be the focus of the financial world, |
| 1:26.9 | is the ongoing trade war, courtesy of one U.S. President Donald Trump. So I want to spend this episode looking at the risks that the U.S. tariffs pose to the U.K. economy. And one of those risks, of course, is disinflation. On Tuesday, Megan Green, one of the Bank of England's most hawkish policymakers, joined me on Bloomberg TV. |
| 1:49.3 | She explained why she thinks, while Trump's wave of global tariffs is expected to raise prices in the U.S., here in Britain, we might see the opposite. |
| 1:52.8 | So I'm going to bring you some of the highlights from our conversation, but also with me |
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