According to a Bloomberg report on the 15th local time, Bank of England Governor Andrew Bailey said bluntly that US President Trump's launching a trade war against the world was a misstep in dealing with imbalances in the world economy, and warned that this move would harm the interests of global households. Bailey made this statement in his annual address. He called on countries to strengthen cooperation, especially between China and the US, to resolve the “unsustainable” trade and financial imbalances that are distorting countries' economies and increasing political tension.

According to a Bloomberg report on the 15th local time, Bank of England Governor Andrew Bailey said bluntly that US President Trump's launching a trade war against the world was a misstep in dealing with imbalances in the world economy, and warned that this move would harm the interests of global households. Bailey made this statement in his annual address. He called on countries to strengthen cooperation, especially between China and the US, to resolve the “unsustainable” trade and financial imbalances that are distorting countries' economies and increasing political tension.