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British Chancellor Rachel Reeves held her first formal talks with US Finance Minister Scott Bessent on Friday. According to the British officials, both finance ministers agreed that there was a “landing zone” for a bilateral trade agreement.
Reeves Has the door open to Great Britain, which produced its tariffs for imports of cars produced in the USA, as well as agricultural and seafood while trying to convince the Trump government to shorten their levies for British exports.
Improper is seen in the government as a relatively damn number of tariffs, but there is recognition that trading decisions are ultimately made in the Oval Office. The United States has imposed a 10 percent rate for British exports and a delivery of 25 percent for cars and steel.
The British officials said that Reeves, who had not met better before their trip to Washington this week, had held a “good discussion” with their American counterpart.
One person who was informed about the talks said: “Both believe that there is a landing zone for a trade agreement, but we are not yet there. The discussion has become more intense, so that is positive. The discussion continues.”
In a selection published on Friday evening Treasury Said Bessent “noticed the need for progress in fair and mutual trade” between the United States and Great Britain.
Reeves, in Washington, was praised by some of the financial elite of the world for their commitment to free trade and offered on the side of Washington for the spring meetings of the World Bank and the IMF.
Crystalina Georgieva, IMF managing director, said: “She deals with very difficult problems, gets the replying of editions, the regulatory environment more rational and then the struggle for the completion of the fight. And it is really impressive.”
But Reeves is far less popular at home, since opinion polls show that their poor approval rate has decreased in the past few weeks.
Yougov reported this month that only 14 percent of those surveyed gave that they had a positive overview of the Chancellor, with 62 percent taking a negative view. The score of -48 corresponds to the lowest rating of Reeves.
This week Reeves tried to build relationships with the Trump administration by signaling that some of his concerns were founded well with regard to the global trading system.
Reeves spoke on Thursday evening at an event in the British embassy in Washington in Washington and argued that the United States had rightly ensured excessive trade weight weights in which “challenges” were emphasized in connection with the rise of the Chinese economy and the advantages.
“The challenges about which Donald Trump’s government spoke about the global imbalances of trade are very real, and we should address them,” she said at an event organized by the British ambassador in the USA, Lord Peter Mandelson.
Reeves added that these trade -off weights were not always associated with “transparent guidelines”.
In her meetings in Washington, however, she emphasized that Great Britain continued to believe in multilateral dialogue and institutions and not tariffs, which emphasized the undesirable of trade wars.
