Treasury chief Mnuchin says optimistic about U.S.-UK trade deal


© Reuters. U.S. Treasury Secretary Steven Mnuchin speaks at Chatham House in

LONDON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said he was optimistic about the chances of a deal between the and Britain this year, adding that he met Britain’s minister on Saturday to discuss it.

“I’m quite optimistic,” Mnuchin said when asked about the potential for a deal between the two countries at an event held at the Chatham House think tank in London.

Mnuchin said he had a breakfast with British finance minister Sajid Javid earlier on Saturday, having also spoken to him this week at the World Forum in Davos.

Article continues below Advertisement...

“We’re focused on trying to get this done this year because we think it’s important to both of us,” he told the audience.

He said that after the United States recently concluded the initial phase of a trade agreement with China, deals with Britain and the European Union were now the focus.

While he conceded that Britain may need to finalize some issues with the European Union before it could discuss them with Washington, he didn’t see this as creating a delay.

“I think a lot of the issues can be dealt with simultaneously and again we look forward to continuing a great trade relationship, and, if anything, I think there will be significantly more trade between the U.S. and the UK,” he said.

Asked by a reporter if Britain’s plan to implement a digital services tax on U.S. giants such as (O:) and Google (O:) could hinder trade negotiations, Mnuchin said he discussed the issue on Saturday with Javid.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial , it is one of the riskiest forms possible.



Please enter your comment!
Please enter your name here