Rachel Reeves made a dramatic bid to calm Donald Trump In the apparent offer, it can be agreed in a large trading offer.
Speaking of the Leaders of Function in Washington DC, the Chancellor has made a bold call for a new global trading system that would corrected “excessive imbalances” between different countries and merchant blocks.
Its remarks are direct attempt to solve problems set by President Trump when he released the worries of global tariffs Earlier this month, who sent shoks is valid through the stock exchanges before they stopped abruptly in 90 days.
Speaking at the International Fund International Fund on Thursday, Mrs. Reeves said, “I am proud that the United Kingdom has its own global, open reputation and that is what I want to strengthen.
“But the world has changed and so we must. In the new global store. And in that new era we need a system that provides security for work people, stability for business economies and prosperity for national economies.”
She added: “To deliver this, we need to make three things: fight over global bodies of trade trade, reducing obstacles to trade and promote strong multilateral institutions.”
During the panel of the discussion on the future of the global economy on Thursday night, Ms. Reeves said that the United States has “the point” that global trade became too unbalanced, but it is important where they are created and who makes them. “
The chancellor said, “In my country and in America and many other developed countries we have a system we have today for some, but not for everyone and that jobs are healed in certain sectors of the economy.”
Despite that, she said it was important to recognize where the goods were made.
“We cannot be agnostic or naive about this, especially in the world we live in today where the resilience and security of matter is more than for a long time,” she added.
International General Manager of the Monetary Fund Crystal Georgieva praised Mrs. Reeves’ efforts to “abolish growth in the UK” during the discussion.
“She is Tackling Very Tough Issues, Getting The Regulatory Environment to Be More Rational and Then Taking On The Battle To Get It Done, and It’s Really Impressive,” Ms Georgieva said.
The United Kingdom was at the lower end of the threatening tariffs Mr. Trump – at 10 percent, instead of 20 percent on EU exports – despite the US trade surplus with Britain.
However, there are fears that they can cost the economy in the UK thousand jobs, not the least in the automotive industry, which will be affected by 25 percent of tariffs.
President Trump used the US trade deficit with countries around the world as a reason for the imposition of tariffs, which now threaten the global economy.
But the UK is running to complete the Trump Agreement with Trump Administration before the 90-day break has occurred at the beginning of July.
Ms. Reeves hopes that her proposals will help create a global trade system that provides security for people, stability for business and prosperity for national economies in the world that has changed.
In order to strain reform plant, the Chancellor will hold talks with colleagues in Washington about the Reform Agenda, which of the upcoming G7 and the International Monetary Fund later this year.
It should be familiar with Trump’s American American Secretary Scott, Bessent hoping to help search for trade over the line.
Already, the UK has signaled that Stop tariffs on American cars imported into the UK Of the 10 percent, at 2.5 percent and the shelves of the proposed tax on digital services.
Earlier, Mrs. Reeves, “This government consists of a fair and open trade. Today’s announcements, today’s package will help companies support the world economy that provide stability and righteousness for work and business.”