U.K. ready to resume trade talks with U.S.

The U.K. is moving forward on trade engagement with individual American states and is ready to resume talks with Washington on a broader federal deal, Secretary of State for International Trade Anne-Marie Trevelyan said.

None Even in the Metaverse, not all Identities Are Created Equal.

The Hot New Trend For Hedge Funds Is - Female Founders?

No Sand and Soldiers Mix as Troops Move In to Protect Cancun Tourists, as Troops move in to protect Cancun Tourists.

None of the New Climate Refugees in Town: Coyotes

One of my ministers, Penny Mordaunt, is currently in California, having exactly those conversations, and she will be visiting Georgia and Tennessee, South Carolina and Oklahoma, according to an interview with Romaine Bostick, Sonali Basak and Taylor Riggs on Bloomberg Television.

She said that she understands why the Biden administration is focused on its domestic agenda rather than pushing forward trade talks, and that we are ready to pick up and continue those negotiations with the team when there is the capacity to do so. Prime Minister Boris Johnson, who has long touted a U.S. deal as one of the great prizes of the Brexit campaign he spearheaded, has been a headache over the frozen talks over a free-trade agreement. Proponents of leaving the EU argued that it would allow the U.K. to negotiate more favorable trade terms tailored to its own economy.

Johnson, who was then foreign secretary in 2017, said that the U.K. was first in line to do a great free-trade deal with the United States. Four years later, talks on an all-encompassing deal have stalled, and discussions over steel tariffs suggest that the U.K. has a weaker hand post-Brexit.

In March 2018 a 25% steel tariff was imposed on a range of countries, using a national-security provision in a 1962 trade law, along with a 10% duty on aluminum imports.

The EU brokered a deal with the U.S. in October to relax the tariffs that had been imposed while the U.K. was still a member of the bloc. With Britain having completed the divorce, the tariffs for the U.K. remain in place. It's an issue that Trevelyan plans to raise with Commerce Secretary Gina Raimondo when they meet later this week, their first in-person interaction.

Trevelyan said that Mordaunt will discuss issues such as easing barriers around the recognition of professional qualifications in order to boost trade in services, and gain access for U.K. businesses to state-level procurement. She said that by building relations at state level, the U.K. will help ease the approval process for any eventual federal-level free trade agreement.

When we get to that point, the U.S. is asking for approval of the FTA that we finalize, it will require the support and voice of all those states, according to Trevelyan. We can do a lot of the work now and make sure that businesses are pushing from your side on the U.S. side to make sure we see the package that we want. None The Fall of a Russian Cyberexecutive Who Went Against the Kremlin