UK and US - Business Outrank

The UK and the US are now negotiating for a more slimmed down economic partnership as opposed to the comprehensive free trade agreement that was sought after following Brexit. Unlike Boris Johnson’s initial ambitions which extended from pork pies to shower trays, the current discussions are on technology cooperation and regulatory harmony. Historically, the US has not been very keen on new trade agreements and has not signed a major trade deal since 2011, excluding USMCA. Agriculture and health care are still hotly debated subjects. The US has previously demanded a wider access to the UK market for its agricultural products but the British resistance to the import of products like chlorine washed chicken has posed a challenge to the negotiations. The NHS is another issue of concern because of data sharing and commercial interests, even as UK officials have provided assurances. A more slimmed down economic deal may be one that is more oriented towards technology and, in particular, artificial intelligence. The UK and the US have already shown their alignment by staying out of a European-led declaration on ‘inclusive and sustainable’ AI. The regulation of AI in sync with the US instead of the EU may be an important aspect of the future cooperation. The UK and US could also be competing in defense spending and arms procurement as well given the UK’s new military spending. But the main purpose of this deal is not to create more trade opportunities but to avoid tariffs, especially if there is a second Trump administration. In the end, this economic deal is nothing like the broad trade agreement that was once promised – but it is a strategic shift. As trade patterns are changing around the world, the UK may need the US’s favorable terms more than ever to navigate economic risks.

What's Hot

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Amazon Faces Investor Jitters Despite Revenue Beat Amid Tariff and AI Spending Concerns

Volvo India Open to Plug-in Hybrids If Tax Structure Changes, Says MD

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: UK and US

Economic Deal: UK and US Seek Narrow Trade Agreement

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Amazon Faces Investor Jitters Despite Revenue Beat Amid Tariff and AI Spending Concerns

Volvo India Open to Plug-in Hybrids If Tax Structure Changes, Says MD

Mahindra Vehicle Sales Surge 26% in July, SUV and Tractor Demand Drive Growth

Our Picks

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Amazon Faces Investor Jitters Despite Revenue Beat Amid Tariff and AI Spending Concerns

Volvo India Open to Plug-in Hybrids If Tax Structure Changes, Says MD

Most Popular

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: UK and US