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UK’s balanced trade with US trims risk of Trump tariffs, claims business secretary Reynolds

Focus on services may mean Britain does not face ire of incoming US president, business secretary tells FT summit
Jonathan Reynolds, UK business secretary, also played down the prospects of a traditional free trade agreement between Britain and the US

Britain’s balanced trade with the US should reduce the risk that Donald Trump slaps fresh tariffs on its products, business secretary Jonathan Reynolds has claimed. 

The incoming US president has threatened to impose higher tariffs on all imports, leaving its trading partners across the world to consider how they would respond if hit.

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