Rachel Reeves emphasized a cautious approach in trade talks with the Trump administration during her meeting with US Treasury Secretary Scott Bessent. She reflected on not rushing negotiations to ensure the deal serves the UK’s national interest. As part of ongoing discussions, she noted the UK had already made concessions, such as reducing the digital services tax. With potential sector job losses looming due to tariffs, UK officials are focused on strengthening trade relations. However, leaked US demands suggesting new concessions, particularly on agricultural standards, complicated the prospect of swift agreement.
We're not going to rush a deal. We want to get the right deal that's in our national interest, and those talks are ongoing, she said.
Car industry bosses have warned job losses are weeks away in Britain's premium automotive sector unless the UK can secure a deal to shield the likes of Jaguar Land Rover, Rolls-Royce, Bentley, Aston Martin and McLaren from tariffs.
The text, which first appeared in the Wall Street Journal, dismayed UK officials by including calls for concessions in a series of new areas, including a demand for the government to drop its standards on agricultural products.
Allowing US hormone-treated beef into the UK has long been a demand from Washington, which successive British governments of all stripes have rejected.
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