Reeves hints UK will urge Trump not to raise tariffs as economists fear his policies will cut growth – as it happened

Chancellor says UK's trading relationship with US is absolutely crucial' and promises not to be a passive actor'

Another Labour politician who has criticised Donald Trump strongly in the past is Emily Thornberry, shadow foreign secretary when Jeremy Corbyn was Labour leader and now chair of the Commons foreign affairs committee. In an interview on the Today programme this morning she said Trump's victory (or apparent victory - he still has not officially hit 270 electoral college votes) was disappointing", and that it made the world unpredictable".

When it was put to her that she described him as a racist, sexual predator" when he visited the UK during his first term as president, she replied:

Well, he is. But he is the president of the United States, and we need to work with him.

I know that many Londoners will be anxious about the outcome of the US presidential election. Many will be fearful about what it will mean for democracy and for women's rights, or how the result impacts the situation in the Middle East or the fate of Ukraine. Others will be worried about the future of NATO or tackling the climate crisis ...

The lesson of today is that progress is not inevitable. But asserting our progressive values is more important than ever - re-committing to building a world where racism and hatred is rejected, the fundamental rights of women and girls are upheld, and where we continue to tackle the crisis of climate change head on.