Influx of cheap Chinese imports could drive down UK inflation, economists say

Published 2 hours ago
Source: theguardian.com
Influx of cheap Chinese imports could drive down UK inflation, economists say

As Trump’s tariffs take effect, Britain is likely alternative destination for cars, telecoms and sound equipment

The UK is poised for an influx of cheap Chinese imports that could bring down inflation amid the fallout from Donald Trump’s global trade war, leading economists have said.

After figures showed China’s trade surplus surpassed $1tn (£750bn) despite Washington’s tariff policies hitting exports to the US, the Bank of England said the UK was among the nations emerging as alternative destinations for the goods.

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