Shafaq News/ Britain is confident that new US tariffs canbe reversed through the establishment of an economic agreement, BusinessSecretary Jonathan Reynolds said on Tuesday.
Speaking ahead of the expected announcement of tariffs byUS President Donald Trump, Reynolds said the UK government believes thefoundation for an economic partnership is already in place. “I believe that theframework of an agreement is certainly in place,” he told the BBC. “We couldsign heads of terms on that, and then talk about the detail over a specifictimescale that would be to the US’s satisfaction going forward.”
Reynolds acknowledged that the White House appearsdetermined to apply tariffs globally before negotiating individual exemptions.Despite that, he said the UK was not planning immediate retaliatory measures,describing Britain’s position as a “calm-headed approach” supported by thebusiness community.
Prime Minister Keir Starmer also indicated that talkswith the US are “well advanced.”
As part of the negotiation process, the UK is reviewingits digital services tax, which has drawn criticism from Washington fordisproportionately affecting American tech firms. Officials are also adjustingtheir regulatory posture on artificial intelligence, aligning more closely withUS policy to boost tech sector cooperation. Reynolds noted that the UK iscurrently the third-largest AI market in the world, behind the United Statesand China.
Certain areas, however, remain off the table. Reynoldssaid issues such as food standards would not be part of any agreement. He addedthat while the UK prefers a negotiated resolution, and “the longer we don’thave a potential agreement, the more those things will be considered.”
Reynolds said the UK and US remain in regular contact andemphasized the importance of continued dialogue in maintaining the strength ofthe bilateral relationship.
Since returning to office in January 2025, Trump hasreintroduced broad tariffs as part of his trade agenda. His administrationimposed levies on imports from Mexico, Canada, and China, citing concerns overtrade imbalances, border security, and fentanyl trafficking. In March, thosetariffs were expanded, with rates on Chinese goods raised to 20% and mostCanadian and Mexican imports taxed at 25%, prompting countries to vowretaliatory action.
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