Investing.com -- British Finance Minister Rachel Reeves expressed confidence on Wednesday that trade and investment between the US and the UK would not be disrupted, despite President Donald Trump's threats of retaliation against perceived barriers to US exports.

Reeves made these remarks while attending a Group of 20 finance chiefs meeting in South Africa. She recalled the increase in trade and investment flows between the two nations during Trump's previous term in the White House, expressing confidence that such growth could be repeated.

President Trump has criticized value-added taxes (VAT) imposed by European nations, asserting they form an unjust barrier to US exports. In response to queries about potential changes to Britain's tax system, Reeves affirmed that such decisions are the responsibility of the UK government.

The Finance Minister is set to reveal new economic and fiscal projections from Britain's independent budget watchdog on March 26. This is a crucial date for investors, as Reeves may need to clarify how she plans to adhere to her fiscal rules, which seem at risk of being breached.

When questioned about potential negative reactions from financial markets on March 26, Reeves refrained from providing detailed comments on the preparations. She did, however, mention the necessary actions taken in October to safeguard public finances, emphasizing that public services must now operate within these set means.

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