British trade minister Liz Truss today said she would immediately arrange a meeting with US trade representative (U.S.) candidate Katherine Tai to discuss the abolition of tariffs imposed on British goods as punishment.
Britain wants the United States to abolish export tariffs on wine products, Scotch, which were imposed while the UK was in European Union (EU) membership. The imposition of tariffs by the U.S. is part of a penalty driven by disputes over aircraft subsidies.
Lizz Truss has informed parliament that he will continue to contact Tai after the conference. Last year, Britain took a proactive step by lowering tariffs on goods A, S in an effort to reduce conflict between the two sides. In addition, it also aims to encourage more discussion and cooperation.
On the other hand, UK Prime Minister Boris Johnson is working to revive the UK economy by presenting plans to loosen sanctions that will be carried out in 4 stages until the final phase is expected for all sectors of the economy to be fully opened.
Prices on the GBP / USD chart continue to maintain momentum until this week in addition to continuing to hunt for the latest highs. It is currently trading at the 1.4150 exchange rate as of 9.00 p.m.