Reeves defends UK interests in Washington amid tariff tensions

UK Chancellor Rachel Reeves is attending IMF spring meetings in Washington, where she has pledged to defend Britain's interests and push for a US trade deal amid new global tariffs. The urgency for a deal increased after President Trump introduced sweeping tariffs on imports, including a 10% levy on all UK goods and higher rates on steel and cars, though the US later exempted China from these measures. Despite ongoing discussions, US officials have expressed skepticism about the likelihood of a breakthrough, with Trump's administration indicating that only an 'extraordinary deal' would lower the baseline tariffs. Reeves emphasized the profound impact these tariffs could have on both the global and UK economies, noting the uncertainty they pose for families and businesses. She stated the government aims to avoid rash actions and instead pursue stability and fairness through global partnerships and investment. In addition to seeking progress on a US deal, Reeves is expected to explore broader improvements in the UK's international trade relationships.