UK draws red line on deal with Washington

The United Kingdom won't "rush into a deal" with United States President Donald Trump over tariffs, but is actively seeking to reduce trade barriers, according to the UK's Chancellor of the Exchequer Rachel Reeves, even as talks intensify over a potential US-UK trade agreement.

The UK is considering cuts to its 10-percent tariff on US vehicles, while pushing back against the 25 percent US levy on British cars and steel exports — in what could mark a breakthrough in post-Brexit trade relations, reported the BBC.

The chancellor is among the finance ministers from around the world gathering in Washington, DC, this week for International Monetary Fund and World Bank meetings, where she aims to negotiate a reduction in Trump's punitive import tariffs.