UK Chancellor Urges Trump on Trade Tariffs

British Chancellor Rachel Reeves has expressed strong concerns over President-elect Donald Trump's proposed tariffs, which could significantly impact UK economic growth. Trump has indicated a desire to impose a 10% tariff on imports, potentially escalating to 60% for Chinese goods, prompting fears of a trade war and leading Goldman Sachs to lower its UK growth forecast from 1.6% to 1.4%. Reeves emphasized the importance of free trade and plans to make strong representations to the new administration, asserting that the UK's trading relationship with the US remains crucial. Despite potential challenges, she remains optimistic about influencing global economic policy and maintaining trade flows with the US. Analysts warn that if tariffs are enacted, UK growth could slow to 0.4% by 2025, down from a previous forecast of 1.2%. The UK government is preparing for various scenarios as it seeks to navigate the new economic landscape.