Foreign Minister Rachel Reeves has committed to “defending the interests of Great Britain” while preparing to meet other finance ministers in Washington and press for an American commercial agreement.
Mrs. Reeves will spend three days in the US capital.
While defending Great Britain as an investment destination, he will also hold his first face -to -face meeting with the American counterpart Scott Bessant for conversations on an economic agreement between the United States and the United Kingdom.
Ensuring this agreement acquired a new sense of urgency earlier this month when Donald Trump announced radical tariffs in imports from the rest of the world.
These included 10% levies in all assets of the United Kingdom, then the lowest level imposed on any country, together with 25% tariffs in steel and cars.
While the ministers have said that conversations on an agreement are still ongoing, the figures in the Trump administration have questioned their perspective of success.
Although Trump went back to his initial announcement, instead of instituting 10% of tariffs in all countries, except in China, his Senior Kevin Hassett economic advisor suggested that this is a “baseline” that would require an “extraordinary agreement” so that the president goes below.
Mr. Trump himself has said that he is not “without hurry” to negotiate exceptions to the tariff regime due to the income that the charges were generating.
Before his visit to Washington, Mrs. Reeves said: “The world has changed and we are in a new era of global trade. I have no doubt that the imposition of tariffs will have a deep impact on the global economy and the economy at home.
“This changing world is disturbing for families that are concerned about the cost of living and companies concerned about what tariffs will mean for them. But our task as a government should not be eliminated from the course or to take precipitated measures, which runs the risk of undermining people's safety.
“On the other hand, we must get up to fulfill the moment and I will always act to defend British interests as part of our change plan.
“We need a world economy that provides stability and justice for companies they want to invest, and trade, more commercial and global associations between nations with shared interests and security for working people who wish to continue with their lives.”
In addition to trying to advance in an agreement in the United States, Mrs. Reeves is also expected to discuss commercial relations with other nations, something she has said previously that the government is anxious to do.
At the beginning of April, organized the Minister of Finance of India for conversations on a possible free trade agreement and is expected to be largely at a UK-EEI summit in May.
