The UK’s trade relationship with the EU is arguably “more important” than the one it has with the US, the chancellor has told the BBC.
Rachel Reeves suggested that moving closer to the EU on trade was a bigger priority, despite her current focus on talks with the US.
After her meeting with US Treasury Secretary Scott Bessent on Friday, Reeves tweeted that both the UK and US want a deal that is “in both our national interests”.
Earlier this week, she signalled the UK could lower tariffs on US car imports from their current 10% to 2.5% as part of a wider deal.