UK’s Truss in Washington to Press for Post-Brexit Trade Deal

August 3, 2020by Thomas Penny, Bloomberg News (TNS)
British International Trade Secretary Liz Truss arrives at the Foreign and Commonwealth Office in London, ahead of a cabinet meeting to be held at the FCO, for the first time since the lockdown on July 21, 2020 in London, England. (Stefan Rousseau/WPA/Pool/Getty Images/TNS)

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

Health

Voting

Trade

Subcommittee Assignments Give Murphy Strong Voice on National Security, COVID-19 Relief, and Trade
Congress
Subcommittee Assignments Give Murphy Strong Voice on National Security, COVID-19 Relief, and Trade
February 9, 2021
by TWN Staff

WASHINGTON - Rep. Stephanie Murphy, D-Fla., has been named to four subcommittees that will ensure she's a leading voice on national security, the continuing federal response to COVID-19, and international trade. The Winter Park Democrat is the only Florida Democrat who currently serves on either the... Read More

Trade Rep Designee Says Cooperation, Bipartisanship Key to Competing with China
Trade
Trade Rep Designee Says Cooperation, Bipartisanship Key to Competing with China
January 12, 2021
by Dan McCue

WASHINGTON - Katherine Tai, President-elect Joe Biden's designee to be the next U.S. trade representative, told a virtual gathering of trade professionals Tuesday that if the U.S. is going to successfully compete against China on the world stage, it's going to take a renewed sense of... Read More

UK Warns of 'Bumpy' Post-Brexit Transition Despite Deal
Brexit
UK Warns of 'Bumpy' Post-Brexit Transition Despite Deal

LONDON (AP) — First came the Brexit trade deal. Now comes the red tape and the institutional nitty gritty. Four days after sealing a free trade agreement with the European Union, the British government warned businesses to get ready for disruptions and “bumpy moments” when the... Read More

Senate Debates Tactics to Make America More Competitive with China
Trade
Senate Debates Tactics to Make America More Competitive with China
December 17, 2020
by Tom Ramstack

WASHINGTON -- The U.S. Senate continued a hardline crackdown on China Wednesday during a hearing on how to ratchet up American economic competitiveness. Economic advisors repeated warnings that the U.S. government needs to create more incentives for domestic industries that are lagging behind Chinese competitors. Otherwise,... Read More

Facebook Sued by US, States in Antitrust Case
Business
Facebook Sued by US, States in Antitrust Case

WASHINGTON — Facebook Inc. was sued by U.S. antitrust officials and a coalition of states that want to break up the company by unwinding its acquisitions of Instagram and WhatsApp, deals the government says was part of a campaign to illegally crush competition. The Federal Trade Commission and state attorneys general led by New York said... Read More

Ways and Means Aide Katherine Tai Said to be Biden's Choice for Trade Representative
Trade
Ways and Means Aide Katherine Tai Said to be Biden's Choice for Trade Representative

WASHINGTON — Katherine Tai, chief trade counsel for the House Ways and Means Committee, is reported to be President-elect Joe Biden's nominee to be America's trade negotiator. Tai would lead the Office of the U.S. Trade Representative, an agency she knows well from her committee work as well as from the seven... Read More

News From The Well
scroll top