Overview
- Senior UK ministers describe a trade agreement with the US as 'possible' but not guaranteed, emphasizing the need for a deal in the national interest.
- High-level talks are ongoing, with no clear timeline for an agreement as the UK seeks relief from Trump-imposed tariffs on steel, cars, and other goods.
- The UK government has set firm red lines, refusing to compromise on food standards, animal welfare, or online safety to secure a trade deal.
- Chancellor Rachel Reeves and other officials highlight the importance of avoiding a rushed agreement, prioritizing long-term benefits over short-term gains.
- Parallel negotiations with the EU are also underway, focusing on reducing Brexit-related trade frictions and exploring a potential youth mobility scheme.