The return of Donald Trump in 11 days promises turbulence for global trade and diplomacy. To state the obvious, he is not a reliable or predictable ally.The UK has three major global markets where it can do business: America, the EU…and China. Hence Rachel Reeves’ trip to Beijing this week.
How can it pivot east without antagonising the US? How can No 10 build closer trade ties with Beijing without compromising entirely on the two nations’ conflicting values? These are not questions that Reeves can answer during her visit. Nor, to be clear, could any other British politician.
The tough reality for the Chancellor and her team is that igniting UK economic growth – the great test of her political career – will largely depend on what she does on home soil.
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