UK 'resolved' to secure best deal possible - Chancellor

The UK is "resolved" to do everything it can to secure the “best deal possible” with the US, Rachel Reeves has said, after a senior Trump adviser poured cold water on the idea of tariff concessions.

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The Chancellor insisted she was also aware of the need for the UK to strike better trade arrangements with other partners across the world, as she travels to Poland to meet European financial ministers.

Kevin Hassett, a senior economic adviser to US President Donald Trump, suggested the blanket 10% tariff rate most countries now face was likely to be a “baseline”, and anything below this would be “extraordinary”.