Published Date: 13.04.2025 12:58 / Politics

UK Eyes US Tariff Reduction

UK Eyes US Tariff Reduction

United Kingdom Business and Trade Secretary Jonathan Reynolds stated in an interview with Sky News that he hopes to reduce existing trade barriers between the UK and the United States. Reynolds emphasized his dissatisfaction with current tariffs, describing them as unjustified and harmful to British market access.

"I'm not satisfied with that because there is no justification, in my view, for putting tariff barriers in place between the UK and the US, further tariff barriers," Reynolds said. He added, "I think we can reduce those barriers to trade. I think we can get British companies, businesses based in Britain, greater access to the US market in a way that works for them."

While Reynolds refrained from offering a specific timeline for a comprehensive trade agreement with Washington, he made clear that both countries are motivated to avoid escalation through retaliatory tariffs. His remarks signal continued UK efforts to open more favorable trading conditions for domestic businesses across the Atlantic.

Reynolds' comments underscore a broader desire to enhance economic cooperation between the two allies. As British businesses seek more expansive entry into the American market, trade negotiations remain a key point of focus amid wider international discussions on tariffs and commerce.

Though concrete details on a deal remain unresolved, Reynolds expressed optimism that mutual benefits can be achieved through dialogue and tariff reduction. His statement marks a reaffirmation of the UK's strategic interest in closer trade ties with the United States.