Chancellor Rachel Reeves' upcoming speech at Mansion House will highlight free trade as a vital UK economic policy, emphasizing its importance amid Trump's protectionist approach.
The incoming Trump presidency presents significant challenges for the UK, particularly in terms of economic and foreign policy, with a strong stance against free trade anticipated.
Goldman Sachs has revised the UK's economic growth forecast for 2025 downwards due to concerns over US tariffs, reflecting the risk of a trade war.
Reeves is determined to advocate for free trade, indicating a potential clash with the Trump administration's protectionist policies, especially regarding support for Ukraine.
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