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UK finance minister warns UK will be affected by Trump's tariffs

ReutersMar 4, 2025 3:12 PM

- British finance minister Rachel Reeves warned the UK would be affected by slowing global trade even if tariffs were not directly applied to it, when asked about U.S. President Donald Trump's imposition of tariffs on Mexico and Canada.

"It's absolutely the case that even if tariffs aren't applied to the UK, we will be affected by slowing global trade, by a slower GDP growth and by higher inflation than otherwise would be the case," she told a conference on Tuesday.

"I will continue to make the case with all my international counterparts for free and open trade."

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