Former Reagan Economist Kala La away told Kudlo as to why the investors are concerned about President Donald Trump Business War.
United kingdom Increasing its defense spending to work with the US when interacting on a new business deal between two long -standing colleagues between two long -term colleagues.
UK Chancellor Rechil Reavs told Fox Business that the British government plans to increase the plan Defense expenditure The economy comes as part of the attempt to promote the regions of the country which have been left behind.
“Strong defense and a strong economy run by hand, I very much believe that, and this is the industrial policy we are pushing as a government,” Reaves said. “In Britain we are the greatest continuous increase in defense spending since the end of the Cold War at this time.”
The UK government’s plan 2025-2026 will see an additional 2.2 billion pounds spent on defense, with the increase in defense costs by 2.5% by 2025 as a percentage of GDP (GDP). According to the government’s plan, this figure will increase by 3% in the next Parliament. According to NATO data, in 2024, the UK was spending an estimated 2.33% of GDP on defense.
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The Chancellor of the UK Chancellor Rechil Reves told Fox Business that she sees an opportunity for a business deal between Britain and America (Getty images for Shannon Finni / Semaphor / Getty Image)
Reeves stated that in an attempt to get a higher value for the UK’s defense spending, the government is using the ratio of our defense budget to invest in new, innovative, especially technical-based solutions to better equip our armed forces. ” He said that the UK is encouraging other European countries to follow the suit by increasing their own defense spending.
“It is perfectly essential countries across Europe to increase their defense spending and did more to keep the continent of Europe on the face of increasing the face of Europe Aggression from RussiaAnd it is what many countries across Europe are doing right now, “Reeves said.” Britain is moving for this challenge, we are not inactive in front of the change we encounter. We are taking steps, spending more on defense and using the money that are left behind for a long time to revive parts of Britain. ,
Last year, NATO data showed that 23 out of 32 member countries, including two newest members of the alliance, Finland and Sweden, fulfilled the commitment of 2% defense spending. Since its inception in 2014, NATO members have the largest number of meeting or above that limit. The NATO will release new data on the subject before the annual summit, which is scheduled in the end of June.
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British aircraft carrier HMS Queen Elizabeth arrives in New York City for the port of 2018. (Christopher Ferlong / Getty Image / Getty Image)
Reeves is holding a meeting with various officials of the Trump administration during this week, including Treasury Secretary Scott Besant, who is trying to negotiate a new business agreement between the two countries after the President. Donald Trump’s Implementing tariffs on business partners including UK
The US and Britain began a discussion on a trade agreement in May 2020 – after Britain left the European Union – during Trump’s first term, although a deal was not there then or during the former president. Joe Biden Administration.
“A business deal has long been overdue,” Reeves said. “There is no close partnership between the UK and the United States, but we fully recognize and understand which are with the countries of America, which are frequent, large trade surpluses with the US, the UK is not one of those countries.”
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British automaker Jaguar Land Rover stopped shipment in the US on President Trump’s tariff. (Reuters / Reuters Photos)
He said that a significant number of American and British citizens works for companies with headquarters in opposite country, leading to tight economic relations that Chancellor believes that a business will help promote the deal.
“A million UTs work for American firms and are very proud to do so, and a million American works for British firms, so our economies are very closely connected, that is why I believe that I am confident that I have to be a deal to reduce Trade barriers Both ways between our countries that are good for jobs, are good for the industry, and eventually good for consumers, “Reeves said.
“We continue to progress in that area. We are not going to participate in a deal. Certainly, as a UK government, we will only sign a deal if we are in the national interest of our country to do so,” he said. “But I think a deal is to be done.”
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Chancellor said that apart from addressing Tariff and other business barriersShe sees an opportunity for a close technical partnership between the two countries.
“There is already very close defense and safety partnership between the UK and the US – let’s take it to the next stage,” Reeves said. , Scientific enterprise Our two countries are very immense, and so let’s see how we can form a technical partnership on the same basis, which we have a security and defense partnership. ,
