Mnuchin Optimistic US-UK Trade Deal Gets Signed This Year

Treasury Secretary Steve Mnuchin expressed optimism that a trade agreement would be signed this year between the United States and Britain, as Brexit throws open the door to a bilateral deal.

“Im quite optimistic,” Mnuchin said at an event held at the Chatham House think tank in London on Jan. 25, responding to a question about the likelihood of the two countries signing the much-anticipated pact on trade.

President Donald Trump has been promising a “massive” new trade deal with Britain, the United States seventh-largest trading partner, since British Prime Minister Boris Johnsons election win in December.

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Epoch Times Photo President Donald Trump and Britains Prime Minister Boris Johnson arrive for a bilateral meeting during the G7 summit in Biarritz, France on Aug. 25, 2019. (Stefan Rousseau – Pool/Getty Images)

Mnuchin said he spoke to British finance minister Sajid Javid ahead of the Chatham House event, adding that both of them viewed the deal as pivotal.

“Were focused on trying to get this done this year because we think its important to both of us,” Mnuchin told participants at Saturdays event.

Earlier, Javid said a trade deal with the United States would take a back seat to an agreement with the European Union, Britains biggest trading partner. Speaking at the just-concluded World Economic Forum in Davos, Switzerland, Javid said a deal with the EU was Britains “first priority,” prompting Mnuchin to say he was a “little disappointed” that U.S. talks werent at the top of the list.

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Epoch Times Photo Sajid Javid arrives in Downing Street in London, Britain, April 12, 2018. (Reuters/Simon Dawson)

Mnuchin said he didnt expect Britains prioritization of talks with the EU would pose significant delays to an agreement with the United States.

“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,” Mnuchin said.

Steve Mnuchin speaks at an event
Steve Mnuchin speaks at an event U.S. Treasury Secretary Steven Mnuchin speaks at Chatham House in London, UK, on Jan. 25, 2020. (Reuters/Henry Nicholls)

Senior officials in the UK government have reportedly bRead More – Source