WHSmith boss: Tariffs more likely to bring price cuts than inflation

WHSmith boss Carl Cowling has claimed that the Trump tariffs are more likely to result in price cuts than inflation for many UK retailers, as suppliers in east Asia look for alternatives to the US.
Although many economists have argued that increased trade barriers could drive global inflationary pressures, the CEO insisted that there was “no logic” to the inflation fears, The Guardian reported.
Cowling said: “I don’t think there is any logic in why there would be inflatio