Earlier headlines on the approach to be taken to trade talks with the UK by the US Treasury are here:
You might suspect that such points are aimed at ensuring better US access to UK markets. You'd be right. The FT:
The Trump administration has taken an aggressive posture towards the UK on post-Brexit trade talks, demanding greater access to the UK market for its agricultural products and guarantees that London would not manipulate its currency.
The FT goes on, with an item of relevance to us …
- Other demands could also be highly problematic for London. On currency, the US wants to "ensure that the UK avoids manipulating exchange rates in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage". Currency matters have traditionally been excluded from trade negotiations, but the Trump administration has injected them into talks, including with China and Japan.
