The UK's economy will be weakened by US definitions even if they are not targeted directly with charges, Finance Minister From the country, Rachel Reeves.
“I have always been very clear. I think free trade is useful for exporters and importers, for countries on both sides. I do not want to see an increase in definitions, I do not think it helps anyone. Even if the customs tariffs are not applied to the United Kingdom, we will be affected by slowdown in global trade and GDP growth, and high inflation.” National Industrial Conference.
Reeves also said to see “all reasons” to expect the free trade agreement between the United States and the United Kingdom, especially because the economy of both countries is very interconnected and because the commercial relationship between them is “balanced.”
The minister said: “I am not naive, it will not be easy to get the reasons we all understand.
She added, however, that the agreement with the United States could not be a choice between Americans and European business partners.
Reeves also defended the UK government's plan to increase the expenses in defense 2.5 % GDP (GDP), with expenditures for discounts in the British government's international aid programs.
“I met with other European finance ministers at the G20 meeting, there was recognition that we needed to improve to meet the defense needs of our continent,” he added.
