Britain hopes US duties will be revoked with an financial agreement

Jonathan Reynolds, her minister Britain who is responsible for businesses said the government hopes that duties They are imposed by US President Donald Trump will be revoked in a short period of time if the two sides reach an economic agreement that will mainly concern the technology sector.

Britain expects it to be hit by Trump’s plan to impose tariffs on products from countries around the world this week, but the government has said it will continue to negotiate a new financial partnership to help secure exceptions after the implementation of duties.

Reynolds told Sky News today (1.4.2025) that Britain is adopting a “cool approach” and to a question if it hopes that an agreement would lead to duties in the coming weeks or months, he replied “I hope, this would be my goal.” He added that he could not give a timetable for such a revocation but warned that the more time it takes for a deal, the more likely it is that Britain will need to impose duties as retaliation.

“The more we do not have a potential solution to it, the more we need to consider our position,” he said. “I think we need to have all the options available to us. I think this is reasonable, “he concluded when asked about the prospect of duties as retaliation.