Chancellor 'committed to securing US trade deal'

CHANCELLOR Rachel Reeves sought to reassure the City yesterday as stocks continued to slide following United States President Donald Trump's imposition of sweeping tariffs.

- 

Ms Reeves told leading City executives at a breakfast meeting that she was committed to reducing barriers to trade and securing a deal with the US, as she pushed Britain as an attractive investment location. Ms Reeves and City minister Emma Reynolds talked up the UK's "stable political climate" and the Government's reforms to capital markets and "commitment to bolstering the UK's retail investment culture", a Treasury spokesman said.

The meeting came as the import taxes announced by the US President last week came into effect, including a 10% levy on all goods from the UK, along with a 25% charge on cars and other taxes on steel and aluminium.