U.K. and U.S. trade talks unlikely to reach conclusion until after 2020 due to coronavirus

July 29, 2020

Trade talks have stalled over concerns about import standards, as the U.S. wants farmers to have access to the U.K. market.

The U.K. had hoped for a deal in time for 2021, when its transition period with the EU, under which it trades on the same terms as when it was a member, ends.

Senior U.S. government officials reportedly said coronavirus had slowed negotiations and that it was unlikely enough progress would be made before the November presidential election to complete a deal. This came a month after a congressional hearing in which U.S. trade representative Robert Lighthizer said a deal being completed before the election was “unlikely.”

To Read More: https://www.marketwatch.com/story/agreement-unlikely-in-uk-and-us-trade-talks-until-after-2020-due-to-coronavirus-2020-07-22

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