The Chancellor told a summit the White House is 'keen' to thrash out a trade arrangement. But she insisted Britain will not rush into any accord that is not in 'our national interest'.
The Chancellor is in Washington for IMF meetings and talks with other G20 finance ministers to discuss the impact of the US president on global commerce.
Chancellor Rachel Reeves has vowed to 'defend Britain's interests' as she prepares for talks with American counterpart Scott Bessant during the three-day IMF summit.
The Chancellor will fly to Washington this afternoon to meet with US treasury secretary Scott Bessent about a trade deal that eases American levies on UK exporters.
The Chancellor had to declare under parliamentary rules that she was given a free dinner and tickets, worth £265 in total, to see a play at the National Theatre in London.
The Chancellor told MPs she would be meeting her US counterpart, treasury secretary Scott Bessent 'shortly' to discuss the impact of the president's protectionism.