Bank of England Governor Warns of Trump’s Trade Policies, Calls for Global Cooperation

Andrew Bailey, Governor of the Bank of England, has called for international coordination to counter the repercussions of the Trump administration’s trade policies, stressing that global market stability requires multilateral cooperation.

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Trump
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UK

Bank of England Governor Calls for Global Cooperation to Address Effects of Trump’s Trade Policies
Bank of England Governor Andrew Bailey has renewed his call for greater collaboration between global economies to confront the growing challenges facing the international trade system, amidst escalating tensions caused by the trade policies of U.S. President Donald Trump’s administration.

In a speech delivered at the University of Leicester, Bailey emphasized that domestic economic factors and trade policies should not be viewed as opposing elements, but rather as part of an integrated system requiring coordination between nations. He stressed that tackling these issues demands international efforts and a stronger commitment from countries to uphold the rules of the multilateral trading system, ensuring global market stability and the effectiveness of supply chains.

Trump

Trump Renews Call on Federal Reserve to Cut Interest Rates Amid Rising Trade Tensions
U.S. President Donald Trump has reiterated his call on the Federal Reserve to cut interest rates,
following the central bank’s decision last week to keep borrowing costs unchanged.
During a ministerial meeting on Monday, Trump said: “I would like to see the Federal Reserve cut interest rates,” according to Reuters.

Trump is known for consistently pressuring the central bank to adopt a more accommodative stance,
especially amid economic challenges linked to his trade policies.
He argued that a rate cut is necessary alongside the imposition of new tariffs.

The Trump administration is preparing to announce a new wave of tariffs on April 2 as part of its “reciprocal tariffs” policy,
targeting countries that impose trade restrictions on U.S. products.
This move adds further pressure on the Federal Reserve in an already volatile economic environment.

OPEC

OPEC+ Affirms Commitment to Gradual Output Increase Starting in April
According to Reuters, citing informed sources, the OPEC+ alliance plans to proceed with its gradual oil production increase as scheduled,
as part of a coordinated rollback of voluntary cuts totaling 2.2 million barrels per day.

The organization had previously announced its intention to begin ramping up production in April,
aiming to support global market stability and adapt to evolving crude demand,
while continuously monitoring price movements and market conditions.

This move reflects the alliance’s commitment to gradually rebalance supply and demand while maintaining stability in global energy markets.
The confirmation comes alongside a notable improvement in oil prices, with West Texas Intermediate crude rising by 91 cents to reach $69.26 per barrel
— a sign of market optimism about the plan’s impact on supply stability and sustainable market balance.

Bank of England Governor Warns of Trump’s Trade Policies, Calls for Global Cooperation

Bank of England Governor Warns of Trump&#8217;s Trade Policies

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Bank of England Governor Warns of Trump’s Trade Policies