EGN NEWS DESK
The chancellor made the remarks whereas talking Thursday night time at her first Mansion House occasion, the place she additionally outlined reforms to spice up the City of London by permitting further danger within the U.Ok. monetary system, amongst different coverage maneuvers.
Donald Trump gained the U.S. election in a landslide final week, and has pledged to impose a flat tariff of as much as 20 % on all U.S. imports, in addition to 60 % tariffs on items from China.
Analysts have warned tariffs on British items may critically harm the U.Ok. financial system.
Reeves advised MPs on the Treasury Committee final week that the federal government will “proceed to make the case totally free commerce” and that she is “not in favor of latest tariffs towards nations.”
In her speech to City of London attendees, the chancellor mentioned the U.Ok. wouldn’t reverse Brexit however the nation “should reset our relationship” with the EU because it faces “geopolitical uncertainty” and “structural challenges, together with these which have come from Brexit.”
“That will probably be my message after I attend the Eurogroup assembly of finance ministers in Brussels subsequent month,” Reeves mentioned.
