Chancellor says UK is ‘not going to rush a deal’ and rejects new US demands on agricultural products

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Rachel Reeves has dashed hopes of an early breakthrough in trade talks with the Trump administration, stressing that the UK is “not going to rush” into a deal.

Speaking before her first face-to-face meeting with the US Treasury secretary, Scott Bessent, in which she was expected to lobby him to reduce tariffs, the chancellor said negotiations would take time.