Quotes
I understand why there’s so much focus on our trading relationship with the US, ... but actually our trading relationship with Europe is arguably even more important — because they’re our nearest neighbours and trading partners.”
The presence of trade asymmetries does not indicate that either country is inaccurate in their estimation,
We're all grappling with this issue of tariffs but I think that there is an understanding why president Trump wants to address some of the global imbalances there are in the system,
Some countries running very large on persistent trade surpluses and I need to address that. Britain is not the cause of those problems. With the US we have balanced trade, neither surplus nor a deficit. That's why I think there is a deal to be done with the US but it is important that we understand why the US are doing what they are doing. They were elected on a change mandate last year. The UK Labour government was elected on a changed mandate last year."
In both of our countries, many working people felt the economy was not working for them and both of our governments, in our own way, are trying to address that."
Simply cannot take seriously Rachel Reeves talking about ‘a deal’ with the US. What experience does she have?! She is allowing the utilities companies to raise costs exponentially (40% on water alone). Labour is not ‘for working ppl’, but backed by corporations."
We want to see barriers to trade fall — and we recognize that both sides need to do that,
Reeves told POLITICO in an interview in Washington D.C. on Thursday It’s up to the U.K. to set its own tax policy, and I think there is a shared understanding that companies should pay tax in the countries in which they operate,
We can see that with the investment that comes to the U.K. from the U.S. … the U.K. has offered, for many businesses, the number one investment destination. And in the same way that we have a defense and security partnership with the U.S., I think that we can take that to the next stage with a technology partnership based on the sort of scientific enterprise of both of our countries, which is very strong, based on our great research base, entrepreneurial spirit,
We're not going to be relaxing our food standards. We've been clear with the US about that and they respect that and understand that,
She is tackling very tough issues, getting reprioritisation of spending, getting the regulatory environment to be more rational and then taking on the battle to get it done, and it’s really impressive.”
I absolutely understand the concerns the United States have about imbalances in trade in the global economy, particularly when it comes to China that runs large, persistent trade surpluses with countries around the world, including the US and indeed including the United Kingdom."
Speaking to US media on Thursday, she reiterated her shared concerns What I think is very possible is the structure of that globalisation could begin to change,
We don’t always agree with the policy prescriptions and we’re seeking a deal that reduces the trade barriers between our countries,
We cannot be agnostic or naive about that, especially in the world in which we live today where resilience and security matter more than they have done for a long time.”
There’s been a feeling in my country and in America and many other developed countries that the system we have today delivers for some, but not for all and that jobs have been hollowed out in certain sectors of the economy.”
To deliver this, we need to do three things: tackle excessive global trade imbalances, reduce barriers to trade, and promote strong multilateral institutions.
The world has changed and so must we
Ms Reeves is expected to say on Thursday I want to say that I actually agree with the secretary on one thing. It’s a very complicated world, a world of massive challenges of all kinds.” ... yes, we have to focus.”
But she replied ... Stressing ... she added Simply put, the world economy is facing a new and major test,
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