The chancellor has said she believes trade with the US could "increase again", as it did last time Donald Trump was in office, despite fears of possible trade tariffs. Reeves hailed the "special and strong" relationship with the US, citing trade between the two nations, which worth an estimated £300bn a year. This comes after president Donald Trump threatened levies on imports from the EU and increased tariffs on other countries. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00I'm not going to comment on on hypotheticals, but there is 300 billion pounds worth of trade between
00:06the UK and the US. A million Brits work for American firms, a million Americans work for
00:11British firms. That is testament to the special and strong relationship between our two countries
00:17that I know will continue under President Trump. I don't think tariffs are good for anyone and I'll
00:24be making that case strongly. But last time President Trump was in the Oval Office, trade
00:31between the UK and the US increased and I have no doubt that that can happen again. This is not an
00:37either-or, it's not trade with the US or trade with Europe. We need to trade with countries
00:43around the world. We're an open economy, open for business, open for the best and the brightest
00:48to come to Britain and then to trade around the world. I'm not going to write five years worth of
00:54budgets in the first six months in office, but what the budget in October did was draw a line
01:00under the economic and financial mismanagement of the Conservative government. I've now put our
01:05public finances in order so never again will I have to do a budget like I did in October.
01:11Our public finances are now on a firm footing.