Chancellor Rachel Reeves spoke about the chance of a US trade deal (Image: Getty)

       Rachel Reeves has hinted that the UK could lower tariffs on US car imports in a bid to strike a trade deal with Donald Trump. The Chancellor has travelled to the US capital for the International Monetary Fund (IMF)’s spring meetings of G7 and G20 finance ministers.

       She is also expected to meet US Treasury secretary Scott Bessent on Friday in an attempt to make progress on negotiations for an economic agreement aimed at mitigating the impact of tariffs unveiled by the US president earlier this month. The UK was placed in the lowest tier when Mr Trump unveiled his global levies, facing a 10% tax on all goods except cars, steel and aluminium, which attract a 25% charge.

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       A document circulated among US business groups and unions seeking views on a potential deal with Britain, focused on slashing UK tariffs on US cars to 2.5% from their current 10%.

       Ms Reeves suggested she was open to this to secure a wider trade deal.

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       She told the BBC that UK negotiators are working "flat out" to get an agreement that is in the country's national interest.

       She added: "We are willing to reduce trade barriers in the UK, those trade barriers that do exist. And we want to build on the relationship that we have."

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       Rachel Reeves LIVE: Chancellor 'piling up ￡14bn debt' with Brits forced to foot the bill

       364 Comments

       Rachel Reeves warned she can't blame Trump as IMF slashes UK growth forecast

       62 Comments

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       222 Comments

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       Comments

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       244 Comments

       Rachel Reeves's master plan is in complete tatters - she has no idea how to fix this mess

       595 Comments

       Rachel Reeves blasted over silence on British Steel as she cosies up to Donald Trump

       63 Comments

       Donald Trump's tariffs are a problem but the US can still be our greatest ally

       27 Comments

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       63 Comments

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       244 Comments

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       21 Comments

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       63 Comments

       Donald Trump's tariffs are a problem but the US can still be our greatest ally

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       4 Comments

       Donald Trump to hammer UK economy with huge blow in new tariffs plan

       63 Comments

       UK economic growth downgraded in another humiliating blow for Rachel Reeves

       244 Comments

       Trump insists on no exemptions in tariff policy - 'nobody is getting off the hook'

       21 Comments

       Economy LIVE: Rachel Reeves in Washington for crisis talks amid meltdown

       153 Comments

       Donald Trump to decide if it's deal or no deal on US-UK trade as Reeves heads to US

       23 Comments

       Sir Keir Starmer warned he has 'weeks' to save thousands of UK jobs because of Trump

       101 Comments

       Rachel Reeves jets to US to beg Donald Trump to end tariff chaos

       106 Comments

       US Vice President JD Vance hints at 'great' trade deal with Britain thanks to late Queen

       279 Comments

       Donald Trump's 5-word verdict on China trade war as he drops hint at what happens next

       51 Comments

       Rachel Reeves LIVE: Chancellor 'piling up ￡14bn debt' with Brits forced to foot the bill

       364 Comments

       Rachel Reeves warned she can't blame Trump as IMF slashes UK growth forecast

       62 Comments

       Donald Trump expected to sign UK trade deal within three weeks in new White House update

       222 Comments

       'Trump tariffs' could actually lower UK inflation, expert says

       Comments

       Piers Morgan's scathing dig at Rachel Reeves after budget car crash

       Comments

       Panic as Starmer urged to use Trump's 90-day tariff pause to save car industry

       2 Comments

       Rachel Reeves defends China links after British Steel madness: 'Very foolish'

       244 Comments

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       Ms Reeves insisted that the UK was "not going to rush into a deal".

       But she said the Government was "confident that working with our partners in the US we can get a better trading relationship and build on the substantial trade that already exists between our two great countries".

       She added: "We want to get the right deal for Britain, to better support our industry, our jobs and consumers."