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Reeves proposes 'new trade system' to appease Trump
The Independent
|April 25, 2025
Rachel Reeves has made a dramatic bid to appease Donald Trump in an apparent effort 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 yesterday, Ms Reeves said: “I am proud that the UK has its global, open reputation, and it is one I want to strengthen.
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