Chancellor Rachel Reeves has indicated the UK's willingness to reduce tariffs on US car imports as part of negotiations with the Trump administration. Currently, the UK faces significant tariffs on cars and other exports, and Reeves aims to lower these from 10% to 2.5% to foster a broader trade agreement. However, food standards remain a contentious issue, which Reeves affirmed would not be compromised. The UK government is committed to securing an advantageous trade deal without rushing, confident in the potential for positive outcomes with US officials.
"We are willing to reduce trade barriers in the UK, those trade barriers that do exist. And we want to build on the relationship that we have."
"One of the sticking points for a trade deal in the past has been food standards, but Reeves said the UK would not be reducing these."
Collection
[
|
...
]