Chancellor Rachel Reeves is traveling to Washington to advocate for global free trade at the IMF's spring meetings, addressing pressures from US tariffs imposed under President Trump. Highlighting the UK's significant trade dependence, she underscores the critical nature of fostering open trade for economic stability. During her visit, Reeves is expected to meet with US Treasury Secretary Scott Bessent to discuss the removal of tariffs on British goods and to push for a UK-US trade deal that aligns with the UK’s national interests. This comes amid declining global growth forecasts and ongoing financial instability.
Reeves emphasized, 'Any deal that is able to be secured will always have front and centre British national interest,' showcasing her commitment to prioritize the UK.
Chancellor Rachel Reeves will advocate for the importance of open trade, asserting that, 'the UK's heavy dependence on trade makes free trade a national priority.'
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