British Chancellor Rachel Reeves stated on Tuesday that securing a trade deal with the United States remains the government's top priority, as the economic impact of US-imposed tariffs reverberates through global markets. Addressing the House of Commons, Reeves emphasized the broader consequences of the tariffs, saying they "will continue to have huge implications for the world economy," which is evident in the volatile market responses seen worldwide.

Reeves noted that she had received reassurances from Bank of England Governor Andrew Bailey that British markets were functioning effectively and that the nation's banking system remains resilient amid the ongoing uncertainty. These statements aimed to calm concerns about the UK’s financial stability in the face of international economic pressure.

While the focus remains on reaching a trade agreement with the United States, Reeves underlined that all UK decisions would be made in the national interest. She reiterated the government's adherence to its “non-negotiable fiscal rules,” ensuring that stability and responsibility remain at the core of policy-making.

“Nothing is off the table,” Reeves told lawmakers, highlighting that the government is prepared to explore all avenues to protect the British economy. She affirmed that support would continue for businesses most affected by the tariffs, signaling a readiness to implement targeted relief where needed.

Beyond negotiations with the US, Reeves said the UK is actively engaging with international partners to reduce trade barriers globally. She emphasized the need for diversified economic relations to build resilience against future shocks and to expand opportunities for British businesses on the international stage.

As the situation evolves, the UK government appears committed to balancing firm economic principles with proactive diplomacy. Reeves’s statements indicate that while a deal with the US is crucial, the UK is also looking beyond bilateral agreements to broader trade diversification strategies that align with its long-term economic vision.