The UK chancellor has told the BBC that the UK’s trade relationship with the European Union, EU, is arguably “more important” than the one it has with the United States.
Rachel Reeves suggested that moving closer to the EU on trade was a bigger priority, despite her current focus on talks with the US.
After her meeting with US Treasury Secretary Scott Bessent last Friday, Reeves tweeted that both the UK and US want a deal that is “in both our national interests”.
Earlier this week, she signalled the UK could lower tariffs on US car imports from their current 10 per cent to 2.5 per cent as part of a wider deal.
The UK is preparing for a summit with the EU in May in an attempt to “reset” the relationship between the two.
