President Biden concentrates on supporting US industry to win reelection, dimming hopes for a significant post-Brexit trade agreement between the US and the UK.
The anticipated talks scheduled to commence in October were abandoned due to resistance from Democratic members in the US Senate and a lack of consensus on the deal’s scale.
Nevertheless, despite the setback, sources within Whitehall remain optimistic, suggesting a potential revival of discussions under a second Donald Trump administration post the US election in November.
Efforts to negotiate a post-Brexit trade agreement initiated in 2018 under the leadership of then-President Trump’s trade envoy, Robert Lighthizer, signaling the intent to commence talks after the UK’s exit from the European Union in 2019.
However, progress was limited during the COVID-19 pandemic, and subsequent shifts in leadership both in London and Washington failed to advance negotiations substantially.
Biden’s Worker Protections Clash with US-UK Proposal
The negotiations appear to have come to an end, according to recent sources, and insiders are not optimistic that the deal will ever get back together.
While UK exports to the US hold significance, accounting for 17% of total exports as of June, a trade deal with the UK hasn’t been a top priority in Washington.
The lack of traction in discussions has strained relations between No 10 and the White House, primarily due to differences in approach concerning labor standards.
President Biden’s commitment to championing worker protections in international trade agreements clashed with the outlined US-UK proposal earlier this year. Senate Democrats, aligned with Biden’s stance, expressed concerns over the absence of robust labor standards in the proposal.
Despite the setback, UK-US trade relations remain strong, with both countries emphasizing reducing trade barriers and fostering new business opportunities through their respective robust economies.
The focus has shifted toward enhancing uninterrupted trade through collaborative efforts outlined in the Atlantic Declaration, signifying ongoing commitment and cooperation between the nations.
or a specific category with our 
Comments are closed.