Britain is 'accelerating trade deals with the rest of the world', Rachel Reeves insisted, as more of Donald Trump's global tariffs came into effect on Wednesday after a week of market turmoil.Countries across the globe have been braced for potential widespread economic damage from the import taxes on goods entering the US from midnight Washington time - just after 5am in the UK.

Britain is 'accelerating trade deals with the rest of the world', Rachel Reeves insisted, as more of Donald Trump's global tariffs came into effect on Wednesday after a week of market turmoil.Countries across the globe have been braced for potential widespread economic damage from the import taxes on goods entering the US from midnight Washington time - just after 5am in the UK.