Alan Taylor warns that high US import tariffs will persist for many years
Alan Taylor warns that high U.S. tariffs are permanent and will impact the economy for years. He notes potential deflation as trade routes shift globally.
Insights:
Alan Taylor, a policymaker at the Bank of England in the United Kingdom 
GB, stated on February 23, 2026, that high import tariffs in the United States 
US appear likely to persist and that their full impact will take many years to be felt. Speaking on the current economic landscape, Taylor noted that because these tariffs are now substantially larger than they were two years ago, their persistence is expected to cause prolonged shifts in trade flows and inflation dynamics across global economies.
GB, stated on February 23, 2026, that high import tariffs in the United States US appear likely to persist and that their full impact will take many years to be felt. Speaking on the current economic landscape, Taylor noted that because these tariffs are now substantially larger than they were two years ago, their persistence is expected to cause prolonged shifts in trade flows and inflation dynamics across global economies.
