Catenaa, Friday, April 04, 2025– Britain remains optimistic that US tariffs imposed by President Donald Trump could be lifted if a new economic agreement is reached, Business Minister Jonathan Reynolds said Tuesday.
Reynolds stated that while Trump intends to apply tariffs universally before considering exemptions, a framework for a deal is already in place.
Prime Minister Keir Starmer confirmed the negotiations are “well advanced.”
The UK has taken a cooperative stance, avoiding retaliatory tariffs and aligning with the US on technology and AI regulations.
However, Reynolds warned that if progress stalls, Britain may be forced to consider countermeasures.
Trump’s global tariff strategy has unsettled markets, raising fears of an economic slowdown. The US president argues the levies are essential to reducing a $1.2 trillion trade deficit.
