Bank of England Committee Member Taylor: U.S. tariffs will persist long-term, with effects lasting for years

2026-02-23 22:13:41

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Investing.com – Bank of England policymaker Allen Taylor stated on Monday that the increased import tariffs implemented by the United States could be sustained over the long term, and their full impact will take years to become apparent.

Taylor said at an event hosted by Deutsche Bank, “The fundamental issue to recognize is that these tariffs will remain at a certain level for a long time, a level that is an order of magnitude higher than two years ago.”

Taylor described U.S. tariff policy as a significant change. He noted that this trade shock requires ongoing monitoring.

He added, “Therefore, I believe we should expect this impact to continue to ferment over the coming years.”

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