Tarrifying BRICS& Stagflating UK

President Trump’s aggressive tariffs on the BRICS nations could backfire. They have breathed new life into the bloc’s ambitions to depend less on US markets and to undercut the US dollar’s significance in global trade. William explores the BRICS’ ideal scenario and why it may not be realistic. … The Bank of England faces a fork in the road: It cut its benchmark interest rate last week even though the UK’s inflation is the highest among the G7 countries. The prospect of stagflation looms. But the path forward should be clearer soon, as a tariff deal with the US has been struck.