Reeves moves to appease Trump with new vision for global trade
Rachel Reeves has made a dramatic bid to appease Donald Trump in an apparent bid to ensure a UK-US trade deal can be agreed.Speaking to finance leaders on a trip to Washington DC, the chancellor has made a bold call for a new global trading system which would correct “excessive imbalances” between different countries and trading blocs.Her remarks are a direct attempt to deal with the issues raised by President Trump when he unleashed sweeping global tariffs earlier this month, which sent shockwaves through stock markets before being abruptly paused for 90 days.Speaking at the International Monetary Fund’s biannual meeting on Thursday, Ms Reeves said: “I am proud that the UK has its global, open reputation, and it is one I want to strengthen.“But the world has changed and so must we. We are in a new era of global trade. And in that new era, we need a system that provides security for working people, stability for businesses, and prosperity for national economies.”She added: “To deliver this, we need to do three things: tackle excessive global trade imbalances, reduce barriers to trade, and promote strong multilateral institutions.”Rachel Reeves is in Washington for talks on a UK-US trade deal More