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The UK Chancellor Rachel Reeves said their relationship with the EU is way more crucial than the one with the US. Reeves also noted that the UK is more focused on moving closer to the EU on matters of trade.  In an interview with the BBC, Rachel Reeves suggested that moving closer to the EU on trade is a bigger priority despite her current focus on talks with the US. She said the UK government was giving it all to cut a trade deal with the Trump administration. Earlier this week, Reeves suggested that the UK could reduce car import tariffs from 10% to 2.5%. Reeves said reducing tariffs by 8.5 percentage points is part of a greater trade deal.  Reeves says the UK will focus on resetting trade ties with the EU The UK Chancellor Rachel Reeves said that the country’s trading ties with Europe are more essential than those with the United States. Reeves declared a shift of Britain’s focus from its bilateral trade dispute with the US to the upcoming summit with Europe. The chancellor noted that she has been working on an ambitious reset of trade ties with the EU.  Reeves suggested the creation of a young travel scheme that would facilitate free movement. She also discussed aligning the United Kingdom with Brussels’ regulations to minimize trade barriers. The chancellor stated that she understood why there was a lot of focus on the UK’s trading ties with the US.  She suggested the UK’s trade ties with the EU are arguably more important. Reeves noted that it is important for the UK to reset its relationship with its nearest neighbors in the EU. The chancellor said she has already met with ministers from Germany, Sweden, Finland, France, and Spain. The chancellor declared that they would rebuild the…

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Filed under: News - @ April 25, 2025 10:28 pm