free trade

Argentinian media previously reported that Milei would be seeking a free trade agreement with the United States once Trump took office.

Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey have both said they will continue to make the argument for free trade.

Asked about the prospect of tariffs, Chancellor Rachel Reeves said UK-US trade benefitted both economies, and British ministers would “continue to make the case for open and free trade”.

Unlike a Harris administration, they would likely offer the UK a free trade deal, but it seems unlikely the terms of it would tempt London to sign up.

The Republican's platform has shifted America - once a global champion of free trade - towards an embrace of policies that are designed to protect US companies and jobs from foreign competition, despite the potential economic drawbacks.