We believe that free trade and open markets are good for prosperity, good for the protection of jobs in this economy. But we do also recognise the concerns that there are around dumping and unfair practices, and it’s about getting the right balance in the global trading system so that we can have the benefits of open markets, while being properly and appropriately protected from unfair practices.He added: "President Trump has just been elected by the American people. He will want to consult with his advisers, talk to officials and I'm sure we will have a very constructive dialogue, as we do with the Chinese, with the new American administration."
The government has announced new Chinese investment in the UK as part of the latest round of talks between the two countries. Chinese contractor CITIC Construction is set to invest £320m in the first part of a £1.7bn London Royal Albert Docks project headed up by the developer ABP. The UK is in turn expected to invest £40m in the Asian Infrastructure Investment Bank in Beijing. The government said it will also showcase 13 projects totaling £5bn to investors later today.