Brexit DISASTER: US trade talks hit by MAJOR blow – delays could change everything for UK

Brexit DISASTER: US trade talks hit by MAJOR blow – delays could change everything for UK

The two sides have now agreed to postpone meetings, due to take place in Boston, until next spring due to concerns over the coronavirus pandemic. Talks were also hit by delays due to US tariffs on UK products entering America, in particular on whiskey. With the November election fast approaching, negotiations have also been stalled due to the prospect of Democrat Joe Biden taking over from Donald Trump. 

Although Mr Trump has been a staunch supporter of the UK’s exit from the EU, his rival’s position is not yet completely known. 

He was, however, Vice President in Barack Obama’s administration who stated the UK would not see preferential trade terms with the US post Brexit. 

Experts have already stated, that if Mr Biden wins the election in November he will look to favour a deal with the EU over Britain. 

Although the two sides have agreed to continue talks throughout the autumn, the delay represents a major blow to International Trade Secretary, Liz Truss.

“Positive progress continues to be made in many of the areas covered by an agreement.

“Both sides reaffirmed their commitment to negotiating a comprehensive and ambitious agreement.

“In terms of the timeline of negotiations, it was agreed that they should continue at pace throughout the autumn.”

With the November election fast approaching, Ms Truss told a House of Lords select committee she had refused to place a deadline on US-UK trade talks. 

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“It’s dangerous to make a prediction.”

The UK has insisted one of the main obstacles to a trade deal with the US, was further tariffs on British goods. 

This blow to US-UK trade negotiations comes as a separate deal with Japan also stalled. 

Japanese officials flew to the UK last week to continue talks with the two sides looking to conclude an agreement before the turn of the year. 

More to follow…

Published at Wed, 12 Aug 2020 14:39:00 +0000