U.S., UK launch video trade talks, pledge quick work in post-Brexit era

Source: Reuters - View Original Article
Published: May 05, 2020
Category:
Bias Rating:

64% Liberal


Bias Score Calculation:


Policies:

European Union
Protectionist Trade

Sentiments

97% "The chamber said the two countries also could strengthen global trade rules to deal with challenges posed by non-market economies such as China.. Trade in ..."
89% "We will undertake negotiations at an accelerated pace and have committed the resources necessary to progress at a fast pace, they said.""
83% "The Trump administration is looking to shift supply chains back to the United States and away from China, where the novel coronavirus originated, and ..."
82% "London has also been working out trade terms with the European Union following its exit from the block in January.""
81% "Grassley said he thinks the talks will be more difficult via videoconference.""
73% "It seems to me it's not as quite good as sitting across the table from them, he said.""

We have listed the top 10 sentiments. More sentiments do exist. Please review the full article for more information.



*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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Contributing sentiments towards policy:

97% : The chamber said the two countries also could strengthen global trade rules to deal with challenges posed by non-market economies such as China.. Trade in goods between the United States and United Kingdom was valued at $127.1 billion in 2018, with the two sides roughly in balance, while the services trade topped $134.8 billion.
89% : "We will undertake negotiations at an accelerated pace and have committed the resources necessary to progress at a fast pace," they said.
83% : Lighthizer has named the UK trade talks one of the Trump administration's top priorities for 2020.
83% : The Trump administration is looking to shift supply chains back to the United States and away from China, where the novel coronavirus originated, and is pushing a "Buy American" campaign for medical and other supplies.
82% : The talks, to be conducted virtually, will involve over 300 U.S. and UK staff and officials in nearly 30 negotiating groups, U.S. Trade Representative Robert Lighthizer and UK trade minister Liz Truss said in a joint statement.
82% : London has also been working out trade terms with the European Union following its exit from the block in January.
81% : The United States and Britain on Tuesday launched a first round of negotiations for a free trade agreement, with their trade representatives pledging to work quickly online to reach a deal that will "significantly boost trade and investment.
81% : Agriculture is expected to be among the thorniest issues in the talks, given the strong British opposition to U.S. genetically modified crops and antibacterial treatments for poultry.
81% : Grassley said he thinks the talks will be more difficult via videoconference.
73% : "It seems to me it's not as quite good as sitting across the table from them," he said.
72% : "A Free Trade Agreement would contribute to the long-term health of our economies, which is vitally important as we recover from the challenges posed by Covid-19," the disease caused by the novel coronavirus.
72% : He published objectives more than a year ago that sought full access for U.S. agricultural products and reduced tariffs for U.S. manufactured goods.
70% : The top American business lobby, the U.S. Chamber of Commerce, on Monday urged the two historic allies to eliminate all tariffs, saying that would boost the long-term outlook for both countries at a time when their economies have been hard hit by shutdowns aimed at curbing the spread of COVID-19.
67% : WASHINGTON (Reuters) -
66% : Prime Minister Boris Johnson has vowed to drive a "hard bargain" and Truss has said that Britain would not diminish its food safety standards.
61% : "We want to strike an ambitious deal that opens up new opportunities for our businesses, brings in more investment and creates better jobs for people across the whole of the country," she said in the joint statement.
59% : Both countries are trying to shore up domestic supply chains as they grapple with the effects of the coronavirus crisis.
58% : An opening plenary kicked off the negotiations on Tuesday, to be followed by multiple virtual meetings from May 6-15.
57% : It will be Washington's first major new trade negotiation in 2020.
53% : Further rounds of talks will take place approximately every six weeks and will be carried out remotely until it is safe to travel, the UK embassy said.
50% : Britain is the seventh-largest U.S. goods trading partner, after South Korea, according to the U.S. Census Bureau.
41% : Republican U.S. Senator Chuck Grassley of Iowa said he hopes a trade deal with the UK lays the groundwork for an improved deal with the EU. "All I'm hoping to do is if we get a good deal with the UK on agriculture, it's going to embarrass Europe," Grassley told reporters on a conference call.
26% : Ted Bromund, a senior research fellow at the Heritage Foundation, a conservative think tank in Washington, said one area ripe for tariff reduction was in automotive trade, Britain's largest export sector to the United States.
22% : Truss said a trade deal would make it even easier for the two allies to do business "across the pond.
20% : U.S. passenger car tariffs are 2.5%, with pickup truck tariffs at 25%, while Britain maintain a 10% car tariff.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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