New measures announced to help tariff-hit British firms amid ambitious plans to foster closer ties with EUThe chancellor, Rachel Reeves, has set out the case for far-reaching changes to global trade and economic agreements, admitting that Donald Trump’s tariffs will have a “profound” effect on the UK and world economies that require a strong international response.In her first significant intervention since the US president caused chaos on the global financial markets by announcing huge levies on imports to the US, Reeves says in a column for the Observer that she is “under no illusion about the difficulties that lie ahead”. Continue reading...