British trade minister Liz Truss discussing tariff removal with U.S. officials - Global Banking & Finance Review
British trade minister Liz Truss is advocating for the removal of tariffs on exports like Scotch whisky during discussions with U.S. Trade Representative nominee Katherine Tai. This image highlights the importance of trade negotiations between the UK and the U.S. in the context of ongoing tariff disputes.
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UK eager to restart U.S. talks on tariff removal

Published by linker 5

Posted on February 25, 2021

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LONDON (Reuters) – British trade minister Liz Truss said on Thursday she would urgently seek a meeting with U.S. Trade Representative nominee Katherine Tai to discuss the removal of punitive tariffs.

Britain wants the United States to remove tariffs on exports like Scotch whisky which were imposed during its membership of the European Union as part of a long running dispute over aircraft subsidies.

Tai will appear at a confirmation hearing before the Senate Finance Committee on Thursday.

“As soon as that is finished I will be on the phone to her seeking an early resolution of these issues,” Truss told parliament.

Last year Britain unilaterally decided that it would drop tariffs it imposed on U.S. goods in a bid to de-escalate the conflict and provide impetus to ongoing discussion to resolve the row.

“This is the way forward, not escalating the tariff battle,” Truss said on Thursday.

(Reporting by William James, editing by Elizabeth Piper and Andy Bruce)

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