Rachel Reeves says UK has been successful with Trump 2.0 because they share the same ‘concerns about global imbalance’

Speaking at the Fortune Global Forum in Riyadh on Monday, British Chancellor of the Exchequer Rachel Reeves said the current relationship between 10 Downing Street and the White House is built on a common theme: concern about imbalances on the global stage.

Few countries have seen such success with the second Trump administration so quickly. The United States and China remain at loggerheads ahead of a scheduled meeting between the president and prime minister later this week; The agreements with Japan and the European Union came later, after arduous negotiations.

Reeves said that the governments in London and Washington are cooperating at all levels, saying: “We were very pleased to obtain the first trade deal with the United States.”

The Labor MP added: “They have concerns about global imbalances, and we share a lot of those concerns, and I think building personal relationships is something that Prime Minister Sir Keir Starmer has done very well with Donald Trump, but also through our government and their administration he has built those relationships: I’m with Scott Besant, our business minister with Howard Lutnick, but also the Prime Minister’s business advisor Varun Chandra, the work he’s done with the ambassador.” Greer and with Howard Lutnick.

“I think relationships are important – whatever you’re in, whether it’s business or politics – and they’re really important on the international stage.”

While President Trump’s “America First” agenda has been harshly criticized by some of the US’s major trading partners, the Parliament of Great Britain and Northern Ireland is no stranger to unpopularity after going out on its own.

Britain officially left the European Union in January 2020, after years of negotiating with the bloc following a 2016 referendum. It has been a member of the EU since the early 1970s.

As the country with the largest economy in the world, America has greater influence at the negotiating table. Even then, President Trump’s intimidation and retreat tactics led markets — and foreign policymakers — to question the depth of the Oval Office’s conviction.

In fact, Wall Street has made a habit of pushing back Trump’s eleventh-hour deadlines I developed an acronym: TACO Trade (Trump Always Out of Chicken).). This has sometimes backfired. Trump suggested that the boom in the market (due in part to analysts relying on the idea of ​​not moving forward with tariffs) is justification in itself. To move forward with plans.

Reeves advised foreign governments looking to make a deal with Trump not to bet against him.

“(Take them) seriously,” she said. “This is absolutely key: dealing with their concerns about the world as it is today.”