Speaking to reporters in Washington during the IMF and World Bank spring meetings, Reeves emphasized that the UK government prioritizes securing a deal that serves the national interest.
“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,” Reeves said. “It’s clear that the US as well wants a deal, and so those discussions continue.”
The Wall Street Journal reported earlier this week that the US is seeking reductions in British tariffs and other non-tariff barriers, including a relaxation of rules on US agricultural imports, such as beef. However, Reeves firmly rejected the possibility of lowering food safety standards as part of the negotiations.
“We’re not going to be relaxing our food standards. We’ve been clear with the US about that and they respect and understand that,” she said. “That is not something that’s on the table in these discussions.”
Reeves also noted that agreeing to US demands on food could complicate the UK’s efforts to lower post-Brexit trade barriers with the European Union.
In addition, the WSJ stated that the US would like the UK to cut its 10% automotive import tariff to 2.5%. Reeves declined to comment on specific tariff details but said the UK would not be pressured into changing its standards in key areas such as automotive, digital services, or food safety.
“We are not going to be changing our standards based on asks from foreign governments,” she stated. “Discussions and decisions around food standards, digital services, and auto regulations are for the UK government to make.”
Reeves is expected to meet US Treasury Secretary Scott Bessent this week and expressed optimism about achieving a broader trade partnership that builds on existing US-UK defense and security cooperation.
“I think there is a deal to be done, both on tariffs and beyond—especially in the area of technology partnerships,” she added.
Addressing newly released data showing higher-than-expected UK government borrowing, Reeves reaffirmed her commitment to fiscal responsibility.
“The numbers today just reinforce the importance this government places on controlling the public finances,” she said. “I have no doubt we can improve public service productivity significantly, and that’s what our upcoming spending review will focus on.”
thepigsite.com