Chancellor 'committed to securing a US trade deal'

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

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Ms Reeves told top City executives at a breakfast meeting she was committed to reducing barriers to trade and securing a deal with the United States as she pushed Britain as an attractive investment location.

Ms Reeves and City minister Emma Reynolds had talked up the UK's "stable political climate" and the UK 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.