US Trade Representative Jamieson Greer criticized the UK for not fully utilizing the opportunities presented by Brexit. During a visit to London, Greer stated that the UK is aligning itself with European Union rules, which complicates efforts to expand a trade deal with the United States. He remarked, "No, they’re not" when asked if the UK was using its newfound freedom from the EU.
Key Details
Greer highlighted that the UK has maintained high tariffs on American goods and has not liberalized its market to accept products made to American standards. He expressed frustration over the UK's cautious approach, saying, "They say, 'Well, we have to wait and see what the EU says about it.' You know that is a problem for us and that’s challenging."
The comments come as new UK Prime Minister Andy Burnham signals a shift towards closer ties with the EU. Burnham recently stated that Brexit has negatively impacted the UK economy and has pledged to work on a deal to remove border checks on food and drink exports to the EU. This deal would require the UK to comply with strict EU food standards, which the US has criticized as protectionist.
Background
French President Emmanuel Macron, during his visit to London, indicated that Paris and London are open to discussions about advancing the UK’s relationship with the EU. A crucial summit between the EU and the UK is expected before the end of the year.
Related coverage: UK Exports Decline £11.7 Billion Annually Post-Brexit, US-Canada Trade Talks Collapse Amid Rising Tariffs.
The ongoing tensions between the UK and US over trade policies could impact UK exports, particularly in the agricultural sector, as high tariffs remain in place. Investors will watch for the upcoming summit between the EU and UK, which may clarify the future of UK trade relations.
Based on reporting by: irishtimes.com, euronews.com