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.
Canadian PPI MoM (Dec) M/M -0.6% vs. Exp. 0.3% (Prev. 0.9%, Low. 0.1%, High. 0.5%)
India's Reliance reportedly to get Russian oil in February after one-month pause
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.
USTR Greer says a SCOTUS ruling against Trump's tariffs would be problematic, speaking on Fox; does not know is "we will get a comprehensive China trade deal"; adds that rare earths are flowing from China
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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.
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