UK Seeks Trade Deal with US Amid Tariff Concerns

UK Chancellor Rachel Reeves has expressed confidence that a trade deal with the US is achievable but emphasized she will not rush negotiations, insisting any agreement must serve Britain's national interest. Reeves, who is meeting US Treasury Secretary Scott Bessent in Washington, faces mounting pressure as President Trump's recent tariffs—10% on most UK exports and 25% on cars and steel—threaten to impact the British economy and key industries. Despite warnings from the IMF about inflation and downgraded growth forecasts for the UK, Reeves is maintaining a cooperative approach, highlighting ongoing dialogue and good relations between the UK and US leadership. She has ruled out compromising on Britain's road, food safety, and online standards as part of any deal. Reeves also acknowledged the challenges faced by British manufacturers, particularly in the automotive sector, and noted that the UK government is taking steps to support affected businesses. Both sides appear interested in reaching an agreement, but Reeves' strategy remains focused on achieving favorable terms rather than a swift resolution.