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US looking for new trade deals with Japan, Europe and Britain

Europe
16.10.2018
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Washington (dpa) - The United States is looking to ink new trade deals with Japan, the European Union and Britain, some of its largest trading partners.

"We are committed to concluding these negotiations with timely and substantive results for American workers, farmers, ranchers, and businesses," US Trade Representative Robert Lighthizer said Tuesday.

The announcement comes on the heels of the US having renegotiated the North America Free Trade Agreement with Mexico and Canada. NAFTA has been renamed as UMSCA, with certain changes to rules of origin and labour issues.

President Donald Trump has railed against US trade deficits with key partners, including most European nations. He has slapped tariffs on steel and aluminium coming from allies, while also engaging in a more comprehensive trade war with China.

Britain will not legally be able to negotiate a trade deal separate from the European Union until further advances are made on Brexit, but Trump has repeatedly talked up making a deal with London, with which Washington actually enjoys a trade surplus.

 

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