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UK Inflation at 18-Month High, Bessent: China Tariff Status Quo Working | The Opening Trade 8/20/25
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UK Inflation at 18-Month High, Bessent: China Tariff Status Quo Working | The Opening Trade 8/20/25
UK inflation climbed to an 18-month high on the back of surging food, transport and hospitality prices, putting the Bank of England under pressure to reconsider the pace of interest-rate cuts. Treasury Secretary Scott Bessent indicated the US is satisfied with the current tariff set up with China, a signal the Trump administration is looking to ...
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