British Chancellor of the Exchequer Rachel Reeves stated on Wednesday that the United Kingdom is prepared to remove trade barriers with the United States, signaling a renewed push for a potential bilateral trade deal. Speaking at the Semafor World Economy Summit, Reeves noted, “There’s certainly a deal to be done ... We have a balanced trade between our two countries.”

Reeves emphasized that both sides are motivated, citing conversations with the US administration. “What we hear from the US administration is that they are keen to do a deal with the UK,” she said, adding that the future of trade must be both “free” and “fair.”

Highlighting the broader potential of economic collaboration, Reeves pointed out that trade cooperation should extend beyond tariffs and into other key sectors. “There is so much more that London and Washington can do beyond tariffs in various segments,” she remarked.

Later, while speaking to reporters, Reeves clarified the UK’s stance on certain key issues. She stressed that the nation’s food safety regulations, automotive standards, and digital services policies remain firm. “We are not going to change our standards based on asks from foreign governments,” she stated firmly.

The announcement marks a significant statement of intent as the UK seeks to deepen trade relationships outside the European Union. However, Reeves’ comments also reflect the UK's efforts to balance openness to economic deals with the protection of national regulatory integrity.

While no official negotiations have been confirmed, Reeves' remarks suggest that both Washington and London may be entering a new phase of trade dialogue—one that could reshape transatlantic economic ties in the coming years.