UK government plans to engage Trump on proposed tariff increases

The UK government plans to engage with Donald Trump regarding his proposed tariff increases, which could impact British economic growth. Chancellor Rachel Reeves expressed optimism about the UK's ability to influence global trade discussions before Trump's inauguration in January. Trump aims to raise tariffs on imports by 10%, with a significant increase on Chinese goods. Analysts predict that these tariffs could slow global economic growth and reduce UK growth forecasts for 2025. Reeves emphasized the importance of the UK-US trade relationship, noting that the US is the UK's largest trading partner. She stated that the UK will advocate for free trade and prepare for various outcomes in the coming months.