(Feb 10): President Donald Trump’s trade wars are contributing to UK inflation as China raises prices on exports to Britain to recover the cost of US tariffs, Bank of England policymaker Catherine Mann said. It has lowered prices to retain a presence in what continues to be a vital export market, Mann argued. “Prices going into the US market have fallen and prices going into other markets have increased,” she said, citing evidence in the trade data. Her comments contradict assumptions made shortly after Trump launched his trade war in April last year. Mann said the BOE has embedded the assumption that the US trade war with China is pushing up UK prices in its latest forecast, which shows import prices adding to inflation.

Source: The Edge Markets February 09, 2026 22:41 UTC