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News Analysis - Will 2025 be the year of high tariffs and low base rates? – Mortgage Strategy
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News Analysis - Will 2025 be the year of high tariffs and low base rates? – Mortgage Strategy
US president Donald Trump’s robust approach to trade policy may prove to be a boon for UK mortgage rates, by forcing the Bank of England (BoE) to cut the base rate further and faster than expected this year. The US administration’s imposition of trade tariffs on the rest of the world has been dizzying. Last month, Trump imposed a 10% baseline tariff on over 75 countries, including the UK, and higher charges for countries it considered it had an …
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