Bank of England Governor Mark Carney has unveiled a new initiative aimed at mitigating the impact of escalating trade tensions between the UK and the US. The move comes as the two nations continue to engage in a high-stakes trade war, with tariffs imposed on billions of dollars' worth of goods. Carney's initiative is seen as a bid to boost British exports and shield the economy from the effects of the trade dispute, which has already led to concerns about a potential slowdown in global growth. With the UK's departure from the EU looming, the Bank of England is under pressure to ensure the country's economy remains resilient in the face of rising uncertainty.
Mark Carney announces initiative amid trade tensions with the US
