Bank of England's Taylor says high U.S. tariffs appear to be here to stay
ReutersFeb 23, 2026 11:52 AM
LONDON, Feb 23 (Reuters) - High U.S. import tariffs appear to be here to stay and the full impact is likely to take "many years" to be felt, Bank of England policymaker Alan Taylor said on Monday.
"I think the fundamental thing to realise is those tariffs are here to stay at some kind of number that is a lot – an order of magnitude - bigger than it was two years ago," Taylor said at an event organised by Deutsche Bank.
"So I think we should expect this shock to play out also over many years," he added.
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