UK attempts to get better market access and investment conditions from the US

UK Chancellor of the Exchequer Rachel Reeves has signaled progress in negotiations with the United States to reduce trade barriers, including duties on cars and pharmaceuticals.

In her interview with Politico, she emphasized London's desire to make it easier for American companies to enter the British market and support exports of domestic products to the US.

Reeves made the announcement while visiting Washington for the spring meeting of the International Monetary Fund (IMF), just ahead of talks with US Treasury Secretary Scott Bessent and National Economic Council head Kevin Hassett.

Reeves emphasized the importance of technology partnerships, citing a strong research base of both countries. She also stressed the need to maintain the independence of the UK's fiscal policy, despite the digital tax discussions with the US. The Chancellor expressed confidence in reaching an agreement, underlining the balance of trade relations between the countries and prioritizing quality over speed. She added that the deal will be concluded only on terms favorable to the UK.