Economy

UK and US Edge Closer to a Mutually Beneficial Trade Deal, Reeves Confirms

Strengthening Transatlantic Ties

In a significant move towards enhancing economic cooperation, United Kingdom Chancellor of the Exchequer Rachel Reeves announced productive discussions with United States Treasury Secretary Scott Bessent. The focus was on a potential trade agreement aimed at serving the "national interests" of both nations.

A Partnership Built on Prosperity

Reeves took to X to share insights from the meeting, stating, "The UK-US relationship has delivered prosperity for businesses and working people on both sides of the Atlantic. Today I met with @SecScottBessent to discuss the UK-US economic prosperity deal and our goal of reaching an agreement that is in both our national interests."

Non-Negotiable Standards

Highlighting the UK's stance, Reeves emphasized the country's readiness to eliminate trade barriers while firmly stating that UK food and automotive safety standards, along with digital services policies, are not up for discussion.