UK Chancellor Reeves says nothing can be ruled out, when asked if a US tariff retaliation is possible. However, Reeves stresses that the goal is a reduction in trade barriers.

UK Chancellor Reeves says nothing can be ruled out, when asked if a US tariff retaliation is possible. However, Reeves stresses that the goal is a reduction in trade barriers.

The comments from UK Chancellor Reeves underscore a delicate stance in international trade relations, particularly regarding potential US tariff retaliations. While no options are being ruled out, the emphasis on seeking trade barrier reductions suggests a preference for diplomacy over escalation, which could stabilize market sentiment towards risk assets in the near term.