Bloomberg Talks UK Chancellor Rachel Reeves Talks Trump Tariff Threats
Jan 20, 2026
Rachel Reeves, the UK's Chancellor of the Exchequer, discusses the need to de-escalate tensions with the US over Trump's trade threats, emphasizing diplomacy over rhetoric. She highlights the importance of the UK-US strategic partnership, Arctic security, and recent trade agreements, while reaffirming the UK's commitment to attracting global talent through waived visa fees. Reeves addresses domestic stability, investor confidence, and outlines her goals for fostering economic reform and openness at Davos.
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De-escalation Over Rhetoric
- Rachel Reeves stresses de-escalation and diplomacy to manage U.S.-UK tensions over President Trump's rhetoric and tariff threats.
- She argues maintaining the strategic UK-US partnership and economic ties serves Western security and trade interests.
UK Trade Barriers Are Falling
- Reeves highlights falling trade barriers with the UK despite global protectionism trends.
- She cites new deals with India and Korea and improving ties with the EU as evidence of progress.
Independent Institutions Build Confidence
- Reeves emphasizes respect for independent institutions like the Bank of England as central to economic stability.
- She credits fiscal consolidation and cooperation with institutions for enabling rapid interest-rate cuts.