UK Not Going to Rush into a Deal with Trump: What Finance Minister Reeves Explained
UK Not Rushing into Deal with Trump Over Tariffs
The United Kingdom is not rushing into a deal with President Trump regarding tariffs, according to British Finance Minister Rachel Reeves. Reeves stated, "We want to get the right deal that’s in our national interest, and those talks are ongoing." This highlights a careful approach to ongoing trade discussions.
Ongoing Talks and Economic Agreements
She noted that the Trump administration is eager for a deal, saying, "We are in extensive discussions with the United States about securing an economic agreement." Aiming to reduce both tariff and non-tariff barriers, Reeves confirmed that discussions are already paving the way towards a favorable outcome.
Avoiding Trade Wars
With heightened tensions on the table, Reeves warned against escalating trade wars, emphasizing that these conflicts are detrimental for all parties involved. London Mayor Sadiq Khan also echoed her sentiments about maintaining a strong partnership.
Future Relations and Meetings
As British Prime Minister Keir Starmer strives to establish a solid trade relationship with Trump before any tariff implementations, Reeves is set to meet with Treasury Secretary Scott Bessent this week. The outcomes of these talks could significantly influence trade relations moving forward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.