Rachel Reeves Confident in US-UK Trade Deal Amid Greenland Tensions

British finance minister Rachel Reeves expressed confidence in maintaining the economic deal signed with the US, despite rising tensions over Greenland. Speaking at the World Economic Forum, she cited assurances from U.S. Commerce Secretary Howard Lutnick. The deal focuses on lowering tariffs for mutual economic benefit.

British finance minister Rachel Reeves has voiced optimism over the ongoing economic deal with the United States, despite strained relations between President Trump and Europe concerning Greenland.

At the World Economic Forum in Davos, Reeves referenced comments from U.S. Commerce Secretary Howard Lutnick indicating stability in trade agreements, suggesting her assurance in continued negotiations.

The US-UK deal, established last year, aimed to reduce tariffs and improve market access. However, Trump's new tariffs on European goods signal potential challenges. Reeves emphasized Britain's focus on reducing trade barriers, with diplomacy playing a pivotal role in resolving the Greenland issue.