Bank executives have met in recent days to discuss the impact of US president Donald Trump’s tariff hikes, as lenders face questions from UK regulators on liquidity concerns after a market slump.
The Bank of England has contacted lenders in recent days to discuss ongoing market falls after Trump’s decision to impose higher tariffs on some of its biggest trading partners on 2 April, so-called ‘liberation day’, the Financial Times reported, citing people familiar with the matter.