Summary
Chancellor Rachel Reeves has announced new measures to support British firms affected by tariffs imposed by U.S. President Donald Trump, highlighting the need for significant changes to global trade agreements. In her column for the Observer, she acknowledges the “profound” impact these tariffs will have on both the UK and global economies, emphasizing the challenges that lie ahead. Reeves calls for a strong international response to address these economic disruptions and foster closer ties with the EU.