“We do not want to see the prices,” said Reeves to delegates from the British manufacturing sector in industry at the National Makeuk Industry Manufacturing Conference in the center of London. There is “all the reasons for hope” about a British-American agreement, she added.
After Prime Minister Keir Starmer’s meetings with Trump in the White House last week, Reeves said that Great Britain “was now looking for a kind of trade agreement” with the United States to allow him to dodge the direct threat of Trump prices.
Trump told journalists that the two parties “could very well end up with a real trade agreement where the prices would not be necessary.”
British steel and aluminum export tasks, however, are due next week with reciprocal prices on British products expected in April.
Before his meeting with Trump, Starmer also undertook to increase defense expenses to 2.5% of British GDP by 2027 as an edulcoating.
Reeves said that she wanted to “make sure that, as we spend more for Defense, which is used to support British jobs and British industries”.
She told manufacturing companies that the government planned to reduce administrative formalities on defense purchases, in particular by examining the rules of the contract with single source.
“Strong security is the basis of a strong economy,” she said.
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