Rachel Reeves aims to secure a crucial trade deal with the US
- Donald Trump's tariffs have imposed a 10% tax on all UK exports to the US, affecting businesses and families.
- Rachel Reeves is actively pursuing trade agreements to mitigate the financial impacts of these tariffs.
- The UK government remains committed to maintaining fiscal stability despite pressures to adapt its financial rules.
The United Kingdom is currently facing significant economic challenges due to the recent imposition of tariffs by the United States under President Donald Trump. As of Wednesday, April 9, 2025, a 10% tax on all UK exports to the US has come into effect, alongside a 25% tariff on cars and additional charges on steel and aluminum. In response to these developments, Chancellor Rachel Reeves is undertaking efforts to reassure families and businesses affected by these tariffs, which have raised fears of a global recession. Reeves emphasized her commitment to providing stability and has stated that the UK government will actively seek to negotiate trade deals to mitigate the impacts of the tariffs. During a breakfast meeting with leading City executives, Reeves detailed the government's strategy to reduce barriers to trade and improve the attractiveness of the UK as an investment location. She highlighted the need for