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Reeves Confident Despite Trump's Tariffs
Chancellor Rachel Reeves expresses confidence in continued UK-US trade despite President-elect Trump's proposed tariffs, while acknowledging potential economic impacts and outlining the government's approach.
English
United Kingdom
PoliticsInternational RelationsEconomyUs PoliticsTrumpUkTradeInternational Trade
Goldman SachsEuCommons Treasury CommitteeSky NewsUk Government
Rachel ReevesDonald TrumpKamala HarrisKeir StarmerKemi BadenochEd DaveyJohn Glen
- What are the recent economic forecasts regarding the UK's growth and trade with the US?
- Goldman Sachs has lowered its UK economic growth forecast for next year from 1.6% to 1.4%, while EU officials predict a $125 billion reduction in US exports.
- How are Trump's proposed tariffs viewed in terms of their potential global implications?
- Trump's proposed tariffs, potentially reaching 60% on Chinese goods, are viewed as a protectionist measure that could trigger a trade war with China and the EU, according to Sky News analysis.
- What is Rachel Reeves's stance on the potential impact of President-elect Trump's policies on UK-US trade?
- Rachel Reeves, the chancellor, expresses confidence that trade flows between the US and UK will remain consistent despite President-elect Trump's proposed tariffs.
- What is the significance of the US-UK trading relationship, and what is Reeves's position on adapting forecasts?
- Reeves stated that it's premature to adjust forecasts based on Trump's win but emphasized the crucial nature of the US-UK trading relationship, which accounts for \u00a3311 billion annually.
- What strategies is the UK government planning to adopt in dealing with Trump's administration and its potential trade policies?
- The UK government plans to advocate for free trade with the US and globally, preparing for various scenarios following Trump's inauguration while expressing optimism about shaping the global economic agenda.