By John Smith • 17 December 2020 • 14:28
REPORTS on Irish TV suggest that the outgoing Trump administration is ready to offer Britain a mini trade deal which could see tariffs on certain products being reduced or removed.
Trump’s trade chief Robert Lighthizer reportedly told the BBC “I’m talking to (International Trade Secretary) Liz Truss, about trying to work out some kind of a deal… I’m hopeful we can get some kind of an agreement out you know; we don’t have a lot of time left.
“We have the advantage in that both the US and the UK – particularly the current government of the UK – are not big subsidisers, where some other countries are more inclined to subsidise. So, it would be helpful if we could come to some kind of agreement.”
This suggestion comes in response to a British Government decision to reduce American tariffs on subsidies currently given to aircraft manufacturers after December 31 and may see a lifting of high import duties on Scotch whisky.
A mini deal would be welcomed by the British Government, especially in the event of a no deal Brexit and would, it hopes, act as a springboard for a more expansive trade deal with the new Biden administration.
Thank you for taking the time to read this news article “Mini trade deal between UK and USA on the cards by New Year”.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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