We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Chancellor Rachel Reeves outlines purple strains for US commerce deal
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Politics > Chancellor Rachel Reeves outlines purple strains for US commerce deal
Politics

Chancellor Rachel Reeves outlines purple strains for US commerce deal

By Editorial Board Published April 23, 2025 6 Min Read
Share
Chancellor Rachel Reeves outlines purple strains for US commerce deal

Britain won’t decrease its requirements or water down regulation in alternate for a commerce take care of the US, the chancellor has confirmed.

Rachel Reeves was talking forward of a pivotal assembly together with her American counterpart in Washington DC.

The feedback mark the firmest dedication to a slew of guidelines and rules which have lengthy been a gripe for the Individuals.

Picture:
Rachel Reeves spoke to Sky’s Gurpreet Narwan

Cash weblog: Personal UK island cherished by Rihanna and Stormzy on the market

The US administration is pushing for the UK to chill out guidelines on agricultural exports, together with hormone-treated beef.

Whereas Britain might decrease tariffs on some agricultural merchandise that meet rules, ministers have been clear that it’s going to not decrease its requirements.

Nonetheless, the federal government has been much less agency with its stance on on-line security.

A tech purple line

The US tech trade has fiercely opposed Britain’s On-line Security Act, which was launched in 2023 and requires tech corporations to protect kids from dangerous content material on-line.

In an earlier draft UK-US commerce deal, the British authorities was contemplating a evaluate of the invoice within the hope of swerving US tariffs.

Nonetheless, the chancellor urged that this was now not on the desk.

“On food standards, we’ve always been really clear that we’re not going to be watering down standards in the UK and similarly, we’ve just passed the Online Safety Act and the safety, particularly of our children, is non-negotiable for the British government,” she mentioned.

She added that Britain was “not going to water down areas of road safety,” a transfer that would pave the best way for American SUVs which were engineered to guard passengers however not pedestrians.

Whereas non-tariff obstacles will stay intact, it was reported on Tuesday evening that the UK might decrease its automotive tariff from 10% to 2.5%.

The calculations behind Reeves’s purple strains

Photo of Gurpreet Narwan

Gurpreet Narwan

Enterprise and economics correspondent

@gurpreetnarwan

What can Britain supply the Individuals if it is not ready to decrease its requirements?

Donald Trump has beforehand described non-tariff obstacles that block US exporters as “cheating”.

Britain does have some scope to convey down tariff rates- and Rachel Reeves urged that this was her focus – however ours is already a extremely open financial system, we do not have enormous scope to chop tariff charges.

The actual prize for the Individuals is within the realm of those non-tariff obstacles.

There was a lot hypothesis about what the UK might supply up, however the chancellor on Wednesday gave a complete dedication that she wouldn’t dilute requirements.

There are a lot of who will breathe a collective sigh of reduction – from UK farmers to highway security campaigners and fogeys of younger kids.

Whereas the federal government is delicate to any potential public backlash, it additionally has one other issue to consider.

When Ms Reeves arrives again residence, she’s going to start preparations for a UK-EU summit in London subsequent month.

The UK’s meals and highway security requirements are, in lots of areas, in sync with Europe, and Britain is in search of even deeper integration.

Decreasing requirements for the Individuals would make that deeper alignment with the Europeans unimaginable.

The chancellor has to determine which market is extra precious to Britain.

The reply is Europe.

Again at residence, the chancellor urged that she was nonetheless open to stress-free guidelines on the Metropolis of London, though world monetary markets have endured a interval of turmoil, triggered by President Trump’s commerce struggle.

Reforms at residence?

In her Mansion Home speech final November, the chancellor mentioned post-2008 reforms had “gone too far” and set the course for deregulating the Metropolis.

Requested if that was a clever transfer in gentle of the latest sharp swings within the monetary markets, Ms Reeves mentioned: “I want regulators to regulate not just for risk but also for growth.

“We’re making reforms and we now have set out new remit letters to our monetary providers regulators.”

Britain’s borrowing prices hit their highest stage in nearly 30 years after Mr Trump’s Liberation Day tariffs bulletins, a stark reminder that coverage choices within the US have the facility to boost UK bond yields and in flip, have an effect on the chancellor’s finances, dent her already small fiscal headroom and derail her plans for tax and spend.

Nonetheless, the chancellor mentioned she wouldn’t contemplate adapting her fiscal guidelines, which embody a promise to cowl day-to-day spending with tax receipts, even when it provides her extra room to manoeuvre within the face of volatility.

“Fiscal rules are non-negotiable for a simple reason, that Britain must offer under this government fiscal and financial stability, which is so important in a world of global uncertainty,” she mentioned.

TAGGED:chancellordeallinesoutlinesRachelredReevestrade
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Former UK Prime Minister Returns To Goldman | Economics

Former UK Prime Minister Returns To Goldman | Economics

Economics
July 10, 2025
‘Milestone’ approach might assist most cancers sufferers preserve hair throughout chemotherapy

‘Milestone’ approach might assist most cancers sufferers preserve hair throughout chemotherapy

Researchers say they've discovered a "powerful double weapon" that might assist most cancers sufferers preserve…

July 10, 2025
Luke Fahey leads Mission Viejo Excessive to personal passing event title

Luke Fahey leads Mission Viejo Excessive to personal passing event title

Mission Viejo Excessive’s offense is Luke Fahey’s now — and it may be one which’s…

July 10, 2025
3 hospitalized in 2-vehicle rollover crash in Lansing

3 hospitalized in 2-vehicle rollover crash in Lansing

LANSING, Mich. (WLNS) -- Three folks had been despatched to the hospital Wednesday night after…

July 10, 2025
‘A continuing recreation of cat and mouse’: Contained in the police crackdown on unlawful moped supply drivers

‘A continuing recreation of cat and mouse’: Contained in the police crackdown on unlawful moped supply drivers

The very first thing you discover when immigration officers cease a attainable unlawful moped supply…

July 10, 2025

YOU MAY ALSO LIKE

No less than 4 killed and ‘many’ kidnapped after Houthi rebels sink cargo ship Eternity C in Pink Sea

No less than 4 individuals have been killed and plenty of different crew kidnapped after Houthi rebels sank a cargo…

World
July 10, 2025

Starmer refuses to rule out wealth tax

Sir Keir Starmer has refused to rule out a wealth tax or say if he would prolong a freeze on…

Politics
July 10, 2025

Christian Horner says Purple Bull sacking got here as a ‘shock’ in farewell speech

Christian Horner has stated his sacking as F1 Purple Bull's workforce principal got here as a "shock" throughout an emotional…

World
July 10, 2025

Labour MPs kind new group as they urge prime minister to concentrate on dwelling requirements to assist push back Reform

A gaggle of Labour MPs has urged Sir Keir Starmer to do extra to sort out the rising price of…

Politics
July 9, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?