Nov 6, 2024, 9:39 PM
Nov 6, 2024, 9:39 PM
UK Government Urges Trump Against Harmful Tariffs
- The UK government plans to engage with Donald Trump about his proposed tariff plans before his inauguration.
- Chancellor Rachel Reeves expressed concerns that higher US tariffs could negatively affect British economic growth.
- The UK aims to advocate for free trade globally, highlighting its importance in maintaining strong economic relationships.
In the wake of Donald Trump's proposed tariff plans, the UK government intends to engage with him before his inauguration, emphasizing the importance of free trade. Chancellor Rachel Reeves stated concerns over how these tariffs could impact British economic growth, particularly as the US remains the UK's largest trading partner. Recently, analyses indicated that the proposed tariffs could result in a slowdown of the UK economy, reducing growth estimates significantly. Despite uncertainties, Reeves remains optimistic about the UK's potential influence on global trade policies.
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