Trade

Finance & farming are ‘focus of UK-USA trade talks’

Removing commercial barriers with the USA could generate an additional £40 billion in trade with the UK by 2030, claims UK trade secretary Liam Fox.

But economists and trade specialists say any deal will be hard to deliver, since the Americans have more experience and could bulldoze the UK on issues such as agricultural and financial regulation.

“It will be a difficult discussion, but we’ve got great support from the United States and the administration,” Mr Fox said on the BBC’s “Andrew Marr Show” on Sunday (23 July).

“Agriculture’s always a very difficult issue” but “we’ll want to look at a whole range of other things, on financial services for example, and other parts of the service economy,” he added.

(Source: Bloomberg)

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