UK’s Truss in Washington to Press for Post-Brexit Trade Deal
U.K. International Trade Secretary Liz Truss will meet with her U.S. counterpart Robert Lighthizer in Washington on Monday as part of the third round of talks to reach a trade deal between the two countries.
Prime Minister Boris Johnson put an agreement with the U.S. at the heart of his plans for the U.K. economy after Brexit, and Truss’s decision to travel during the coronavirus pandemic reflects London’s commitment to a deal.
“The Secretary of State is meeting Robert Lighthizer during a critical time in the negotiations and it is essential we agree the next steps and priorities for the trade talks,” the Department for International Trade said in a statement. “A deal will be a key driver in leveling up the U.K. by boosting the economy by 15 billion pounds ($19.6 billion) and removing almost half a billion pounds worth of tariffs.”
The talks have been beset by disagreements, over agriculture in particular, and Lighthizer has said an agreement is “unlikely” this year, meaning Britain is set to complete its departure from the European Union on Dec. 31 without a trans-Atlantic trade deal in place.
Truss will also use the talks to press for the removal of retaliatory tariffs imposed as part of the dispute over subsidies for Boeing Co. and Airbus SE.
“We will be tough in pressing our interests. The U.S. talk a good game about free trade and low tariffs, but the reality is that many U.K. products are being kept unfairly out of their market,” Truss told lawmakers in June. “Tit-for-tat tariffs” are “harming businesses on both sides of the Atlantic and I don’t want to see any more.”
©2020 Bloomberg News
Distributed by Tribune Content Agency, LLC.
In The News
WASHINGTON -- The Senate continued its search Thursday for ways to prevent the kind of devastation brought to U.S. supply chains by COVID-19. Industry executives told a Senate panel the pandemic exposed U.S. dependence on foreign suppliers to keep the lights on for their businesses. As... Read More
WASHINGTON — At the one-year anniversary of the USMCA trade agreement coming into force, trade representatives from the United States, Mexico, and Canada are patting themselves on the back for a job well done. They have good reason, as the treaty happened during a challenging time... Read More
WASHINGTON — Her Royal Highness Princess Reema bint Bandar remembers DC’s cicadas. In fact, she says she lived through the “cicada invasion” twice during her “non-diplomatic, but highly socially-connected” childhood in Northern Virginia while her father served as Saudi Arabian Ambassador to the United States from... Read More
WASHINGTON - The United States has requested the first ever dispute panel to settle a trade conflict under the United States-Mexico-Canada Agreement, U.S. Trade Representative Katherine Tai announced Tuesday. The United States is challenging Canada’s allocation of dairy tariff-rate quotas, specifically the set-aside of a percentage... Read More
WASHINGTON — On March 17, 2021, Ambassador Katherine Tai was confirmed as U.S Trade Representative by unanimous vote in the Senate. Just a month later, in her first speech as USTR, Tai explained how the benefits of global trade could work as a powerful incentive for... Read More
WASHINGTON - The Defense Department is seeking comments on risks to the supply chain for strategic and critical materials. In February, President Joe Biden signed an executive order directing the Defense Department and three other federal agencies to closely examine America’s supply chains in four critical... Read More