PWC News
Wednesday, July 16, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Reeves and Bessent can see ‘landing zone’ for a UK-US trade deal, say British officials

Home Economy
Share on FacebookShare on Twitter


Unlock the White Home Watch e-newsletter totally free

Your information to what Trump’s second time period means for Washington, enterprise and the world

UK chancellor Rachel Reeves on Friday held her first formal talks with US Treasury secretary Scott Bessent, with each finance ministers agreeing that there was a “touchdown zone” for a bilateral commerce deal, in keeping with British officers.

Reeves has opened the door to Britain reducing its tariffs on imports of US-made automobiles, together with agricultural and seafood merchandise, as she tries to steer the Trump administration to chop its levies on UK exports.

Bessent is seen contained in the Starmer authorities as a comparatively dovish determine on tariffs, however there’s an acknowledgment that commerce choices are finally taken within the Oval Workplace. The US has imposed a ten per cent baseline tariff on UK exports and a 25 per cent levy on automobiles and metal.

UK officers stated Reeves — who had not met Bessent earlier than her journey to Washington this week — had held a “good dialogue” along with her US counterpart.

One particular person briefed on the talks stated: “Each really feel there’s a touchdown zone for a commerce deal however we’re not there but. The dialogue has develop into extra intense, in order that’s optimistic. Dialogue will proceed.”

In a readout launched on Friday night, the Treasury stated Bessent “famous the necessity for progress on truthful and reciprocal commerce” between the US and the UK.

Reeves, in Washington for the spring conferences of the World Financial institution and IMF, has been lauded by a number of the world’s monetary elite for her dedication to free commerce and provide aspect reforms. 

Kristalina Georgieva, IMF managing director, stated: “She is tackling very powerful points, getting reprioritisation of spending, getting the regulatory setting to be extra rational after which taking over the battle to get it performed. And it’s actually spectacular.”

However Reeves is much much less standard at dwelling, with opinion polls exhibiting her dire approval score has fallen additional in current weeks.

YouGov reported this month that solely 14 per cent of these surveyed stated they’d a optimistic view of the chancellor, with 62 per cent holding a damaging view. The rating of -48 represents Reeves’ lowest score but.

Reeves has this week sought to construct relations with the Trump administration by signalling that a few of its considerations in regards to the world buying and selling system had been properly based. 

Talking at an occasion on the British embassy in Washington on Thursday night, Reeves argued the US was proper to be involved about extreme commerce imbalances — highlighting “challenges” related to the rise of China’s financial system in addition to advantages.

Beneficial

“The challenges that Donald Trump’s administration has spoken about, in regards to the world commerce imbalances, are very actual, and we should always deal with them,” she stated at an occasion hosted by Britain’s ambassador to the US, Lord Peter Mandelson.

Reeves added these commerce imbalances weren’t at all times related to “clear insurance policies”. 

However she burdened in her conferences in Washington that the UK continued to consider in multilateral dialogue and establishments, and never in tariffs, emphasising the undesirability of commerce wars. 



Source link

Tags: BessentBritishdeallandingofficialsReevestradeUKUSZone
Previous Post

China’s Solar and Wind Capacity Surpasses That of Mostly Coal-Based Thermal Energy for the First Time – EcoWatch

Next Post

MegaETH Community Drops An NFT To Celebrate MegaETH Testnet

Related Posts

Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell
Economy

Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell

July 16, 2025
Congress seeks socio-economic features in census, to break 50% ceiling in OBC quota
Economy

Congress seeks socio-economic features in census, to break 50% ceiling in OBC quota

July 16, 2025
Inflation unexpectedly edges up in June
Economy

Inflation unexpectedly edges up in June

July 16, 2025
Trump’s Medicaid cuts could shrink red state’s GDP by ‘.8 million per year’: study
Economy

Trump’s Medicaid cuts could shrink red state’s GDP by ‘$27.8 million per year’: study

July 15, 2025
Posthaste: Canada's housing market recovery pushed out until fall as home prices 'flatline'
Economy

Posthaste: Canada's housing market recovery pushed out until fall as home prices 'flatline'

July 16, 2025
Planet Money Summer School tackles political economy
Economy

Planet Money Summer School tackles political economy

July 15, 2025
Next Post
MegaETH Community Drops An NFT To Celebrate MegaETH Testnet

MegaETH Community Drops An NFT To Celebrate MegaETH Testnet

U.S. IPO: Small Foreign Issuers List In The U.S. As Notable IPOs Continue To Delay

U.S. IPO: Small Foreign Issuers List In The U.S. As Notable IPOs Continue To Delay

Sri Lanka apparel exporters seek parity with competitors in US tariff talks | EconomyNext

Sri Lanka apparel exporters seek parity with competitors in US tariff talks | EconomyNext

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Furniture Insider: Data and Trends for Resellers (2025)
Business

Furniture Insider: Data and Trends for Resellers (2025)

by PWC
July 11, 2025
0

The furnishings class is shortly increasing in each quantity and recognition. Main manufacturers and retailers depend on B-Inventory—the world’s largest...

Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street

Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street

July 14, 2025
Ethereum Chart Confirms Bull Flag Breakout: ,834 Target Comes Into View

Ethereum Chart Confirms Bull Flag Breakout: $3,834 Target Comes Into View

July 13, 2025
Making Sustainability Delicious and Affordable with Vertical Farming

Making Sustainability Delicious and Affordable with Vertical Farming

July 12, 2025
Leading the Way in Clean Energy with Expert Solar Panel Services

Leading the Way in Clean Energy with Expert Solar Panel Services

July 16, 2025
Dividend Kings In Focus: American States Water – Sure Dividend

Dividend Kings In Focus: American States Water – Sure Dividend

July 12, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.