UK Business Secretary Pushes for Trade Agreement in Washington Talks
Jonathan Reynolds seeks to address US steel tariffs and strengthen economic ties with a focus on key industries and technology partnerships.
- Jonathan Reynolds is meeting US officials in Washington to advance discussions on a potential UK-US bilateral trade agreement.
- The talks aim to address the impact of US-imposed 25% tariffs on steel and aluminum, which the UK has criticized but not retaliated against.
- The UK is advocating for a broader economic deal, emphasizing collaboration in industries like steel, energy, and advanced technologies, including AI and quantum computing.
- The US has maintained its position of no exemptions to the tariffs, while the UK government continues to explore all options for a strategic response.
- The US remains the UK’s largest single-country trading partner, with over $1.5 trillion invested between the two economies.