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Secretary of State for International Trade Liz Truss issued a warning to the US regarding a future post-Brexit trade deal with the UK. During a meeting with the International Trade Committee, Ms Truss argued the UK would be tough with the US and not accept a trade deal unless key issues are addressed. The Cabinet minister said trade restrictions, including a “buy American” procurement policy and “onerous testing regimes”, meant British companies could not access two-thirds of the US market.
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.
“We want to upgrade our trade relationship to match the closeness of our security partnership.
“There is no doubt to me that when these barriers are removed it will be a big boost for British industry.”
Ms Truss also explained her negotiating strategy with the US to ensure the UK gets the best possible deal.
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She said: “Throughout the negotiations, this Government will fight for Britain’s best interests.
“To coin a once familiar phrase, no deal is better than a bad deal.
“We are not going to rush into a deal and there is no deadline.
“We will be tough in pressing our interests.”
Ms Truss also addressed the issues the UK Government has with the current agreement between Britain and the US.
She said: “The US talks a good game about free trade and low tariffs.
“But the reality is that many UK products are being kept unfairly out of their market.
“UK steel has been hit by 25 percent tariffs due to claims of security issues and our cars have all been threatened.
“This is despite the fact we are a close security ally.”
More to follow…
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