UK’s Reynolds says balanced trade with US reduces risk of Trump tariffs, FT reports

(Reuters) – Britain’s balanced trade with the U.S. should reduce the risk of tariffs that President-elect Donald Trump will introduce on its products, the Financial Times reported on Friday, citing the country’s business minister Jonathan Reynolds.

Even if Trump introduces new tariffs against Britain, the government will think carefully about retaliating, Reynolds told the newspaper in an interview for the FT’s Global Boardroom to be broadcast on Friday.