Reeves is prepared to lower import duties on American vehicles to secure a deal with Trump, while pledging not to concede on domestic standards.

A proposed freeze on the conflict’s front line heightens pressure on Ukraine to concede territory, yet Britain and the West remain resolute in their backing, rejecting any settlement that undermines Ukrainian sovereignty.

China has cautioned that it will respond forcefully against any government deepening ties with the US, insisting its own strategic interests must be safeguarded and hinting at countermeasures should isolationist policies prevail, while the PM stays firmly set on cooperation with Western partners.

Analysts voice alarm over global market instability and shifting economic policies, prompting concerns that protracted trade disputes could curb business confidence this year.