Where the goods are made, the West of the West “Could not be unknowable or naive”, the Chancellor has told a meeting of foreign finance ministers as she prepares for a conversation with her American counterpart.
REWS told the spring meetings of the International Monetary Fund in Washington that she wanted to see tariffs and trade obstacles, but the US was added “a point” that the global trade had become very unbalanced.
Arguing that the US and Britain governments “had a democratic mandate to change things from people”, he said: “My country and America and many other developed countries have a feeling that the system we have today distributes for something, but not for all and that jobs have been hollowed out in some areas of the economy.”
She says that global trade imbalance was “a problem” because “it matters where things are made and which makes them”.
The Chancellor said: “We cannot be unknown or naive about that, especially in the world in which we live today, where they are more than long -term flexibility and security matters.”
His comments are ahead of a meeting with American Treasury Secretary Scott Besant on Friday, on which he is expected to discuss a potential UK-US business deal with the aim of reducing the impact of tariffs declared by Donald Trump in early April.
The US President charged 10% import levy on goods, as well as 25% on steel, aluminum and cars, partially as an attempt to return manufacturing jobs in the US.
But they also follow a step by the government to run the British steel, the ministers argued that it was a matter of national security, to ensure that the UK retained some primary steelmaking capacity, rather than see that it was outsourced to China.
Ms. Reeves made her comment during a panel discussion on the future of the global economy, in which IMF managing director Christalina Jorleywa praised her efforts to “grow development in the UK”.
Ms. Jorgieva said: “She is dealing with very difficult issues, recurring spending, taking the regulator environment to be more rational and then taking it to the fight to complete it, and it is really impressive.”
