Once the United Kingdom has left the European Union, talks with the USA for the free trade agreement are restarted.
The United States and the United Kingdom begin trade talks by videoconference on Tuesday after the United Kingdom’s exit from the European Union, while both countries fight against the effects of the coronavirus pandemic and try to strengthen national supply chains.
The talks will be Washington’s first major new trade negotiation in 2020, and will take place at the same time as London works on trade terms with the EU, with a deadline that initially runs out later this year.
United States Trade Representative Robert Lighthizer has said little publicly about trade talks with the United Kingdom since he published a comprehensive set of targets over a year ago, seeking full access to United States agricultural products. United States and the reduction of tariffs on United States manufactured products.
The Trump administration is trying to move supply chains back to the United States and away from China, where the new coronavirus originated, and is driving a campaign to promote the purchase of American products in medical supplies and supplies of all kinds.
Agriculture is expected to be one of the thorniest topics in the talks, given British opposition to genetically modified crops in the United States and antibacterial treatments for poultry. Prime Minister Boris Johnson has promised to push for “tough bargaining” and UK Secretary for International Trade Liz Truss has said the UK will not lower its food safety standards.
On Monday, the main US business lobby group, the United States Chamber of Commerce, urged the two historic allies to cut all tariffs, saying that would boost the long-term outlook for both countries at a time when their economies They have been hit hard by confinements designed to slow the spread of the coronavirus.
The chamber said the two countries could also strengthen world trade rules to meet the challenges posed by non-market economies such as China.
Trade in goods between the United States and the United Kingdom reached a value of $ 127.1 billion in 2018, with a practically balanced balance on both sides, while the exchange of services exceeded $ 134.8 billion. The United Kingdom is the seventh largest trading partner for goods in the United States, after South Korea, according to official data from the United States.