Reeves to hold trade talks with US counterpart in Washington
Rachel Reeves will conclude her trip to the IMF’s spring meetings with talks on a potential US-UK trade deal.
Rachel Reeves will meet her US counterpart on Friday as she attempts to make progress on a trade deal during her visit to Washington.
The Chancellor is expected to discuss a potential UK-US trade deal when she sits down with Treasury secretary Scott Bessent after a series of talks with other finance ministers at the International Monetary Fund’s spring meetings earlier this week.
The Government hopes that a deal with the US will mitigate the impact of the tariffs imposed by President Donald Trump at the start of April that rocked financial markets and sparked fears of a global downturn.
Mr Trump’s announcement saw Britain hit with 10% tariffs on all exports to the US, as well as a 25% levy on cars, steel and aluminium.
The Chancellor told the BBC she “understands what president Trump wants to address” when speaking about tariffs.
