Tags: Brexit | Financial Markets | Trump Administration | uk | trade deal | tariffs | great britain

UK Pushing for 'Comprehensive' US Tariff Reductions

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By    |   Thursday, 06 February 2020 06:46 PM

The U.K. will push the U.S. to "secure comprehensive, far-reaching, and mutually beneficial tariff reductions" as part of any trade deal now that the country has exited the European Union, British International Trade Secretary Liz Truss said Thursday.

Truss told Sky News, the U.K. plans to "drive a hard bargain" with the U.S., its largest trading partner besides the European Union, and other countries that it is seeking to make trade deals with, now that Great Britain has left the EU. Negotiations will take place with the U.S., Japan, Australia, and New Zealand in the next few months. She specified the U.K. is looking to make a deal with the U.S. to "secure comprehensive, far-reaching and mutually beneficial tariff reductions."

She added, reducing the duties on British exports to the U.S. and vice-versa would "increase access to the U.S. market for U.K. businesses, and lower prices and increase choice for U.K. consumers."

Australia is prepared to begin negotiating "an ambitious free trade agreement," according to British Foreign Secretary Dominic Raab, who arrived in the country Thursday for a four-day visit, according to Sky News.

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As part of any trade deal now that the country has exited the European Union, the U.K. will push the U.S. to "secure comprehensive, far-reaching, and mutually beneficial tariff reductions," according to British International Trade Secretary Liz Truss on Thursday.
uk, trade deal, tariffs, great britain
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2020-46-06
Thursday, 06 February 2020 06:46 PM
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