US Trade Representative (USTR) Robert Lighthizer has delivered President Trump’s Trade Policy Agenda and Annual Report to Congress, outlining how these trade policies are contributing to the strongest economy in decades.
“Thanks to President Trump’s leadership, the United States is pursuing trade policies that are more favourable to American workers,” Ambassador Lighthizer said. “In just two years, we have significantly rewritten major trade deals with Korea, Mexico, and Canada. We have undertaken dramatic new enforcement efforts to stop unfair trading practices by China and other countries.”
To continue these economic gains in 2019, he continued, the Trump Administration is urging Congress to approve the new United States-Mexico-Canada Agreement (USMCA) and is launching new trade negotiations with Japan, the EU and the UK.
In addition, it will continue to press China to address long-standing US concerns about unfair trade practices, defend America’s interests at the World Trade Organization (WTO) and vigorously enforce US trade laws.
Aiming to generate more jobs and higher wages for American workers, Ambassador Lighthizer said that the Administration would continue aggressively enforcing US trade laws, including by bringing cases under trade agreements, relevant US laws and at the WTO.
The full text of his 373-page report can be found here.
It states: “In a free trade agreement with the UK, the United States will seek the elimination of tariff and non-tariff barriers, and aim to achieve a fairer and deeper trade relationship.”
The report notes that the USA and the UK have already signed a bilateral agreement on prudential measures regarding insurance and reinsurance, continuity agreements on wine and distilled spirits, and mutual recognition agreements (MRAs) in certain sectors, all of which are seen as important steps in providing regulatory certainty and market continuity as the UK prepares to leave the EU.
Last reviewed 11 March 2019