But more generally, my understanding is that part of the range of issues are to do with trade per se. And then there’s other issues to do with intellectual property rights, other elements which can be handled in different ways.
There is also considerable uncertainty about structural shifts taking place in the drivers of inflation, ranging from labour market dynamics to concentration of market power and less efficient supply chains. In parallel, global food, energy and other commodity prices have softened from respective peaks and the supply chains are normalising, which should help in achieving disinflation.