World News

Britain seeking far-reaching tariff cuts in post Brexit U.S. trade deal

LONDON (Reuters) – Britain is seeking far-reaching reductions in tariffs in a trade deal with the United States, trade minister Liz Truss said on Thursday, setting out the broad aims of her post-Brexit push to secure new free trade agreements.

“The FTA (Free Trade Agreement) will secure comprehensive, far-reaching and mutually beneficial tariff reductions – taking into account sensitive UK products – which will increase access to the U.S. market for UK businesses, and lower prices and increase choice for UK consumers,” Truss said in a written statement to parliament.

(Reporting by Kylie MacLellan, writing by William James, editing by Elizabeth Piper)