empty
 
 
London pushing ahead with its interest in trade deal with US
09-07-2020 11:44
London pushing ahead with its interest in trade deal with US
London pushing ahead with its interest in trade deal with US

Earlier this year, the UK left the European Union. Apart from the crucial trade deal with the EU authorities, London is now negotiating a bilateral trade deal with the US. Nevertheless, the UK is in no hurry to strike a deal which jeopardizes its interests. In fact, London is unwilling to compromise on the protectionist rhetoric of the White House. “We’re not going to rush into a deal and there is no deadline. We will be tough in pressing our interests,” Elizabeth Truss, the UK Secretary of State for International Trade, told a parliamentary committee. Donald Trump’s administration has already set the motto Make America great again in motion. The White House has slapped tariffs on British steel, banned lamb imports, and threatened London with higher tariffs on cars. In response, the British trade minister targeted the US administration for advocating free trade but restricting import access.  

Meanwhile, Elizabeth Truss said that the trade talks with the US were progressing at a good pace, though some vital chapters still have to be finalized. “The US talks a good game about free trade and low tariffs. But the reality is that many UK products have been kept unfairly out of their markets,” she added. “Let me be clear. I am not going to strike a trade deal with the US, unless all these points are dealt with. No deal is better than a bad deal,” the trade minister commented on the official stance.  

 

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback