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UK Inflation at 18-Month High, Bessent: China Tariff Status Quo Working | The Opening Trade 8/20/25
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August 20, 2025
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1:36:06Now PlayingUK inflation climbed to an 18-month high on the back of surging food, transport and hospitality prices, putting the Bank of England under pressure to reconsider the pace of interest-rate cuts.
Treasury Secretary Scott Bessent indicated the US is satisfied with the current tariff set up with China, a signal the Trump administration is looking to maintain calm with its economic rival before a trade truce expires in November.
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