Joe Biden Indicates Lack of Interest in Signing a US-UK Trade Agreement
Joe Biden has indicated disinterest in a US-UK trade deal, with the prospect of signing such an agreement before upcoming elections in both countries now abandoned.
Despite UK officials' initial hopes to establish a "foundational trade partnership," negotiations have ceased. High-ranking Democrats are reportedly hesitant to increase access to US markets for foreign products.
A UK government spokesperson mentioned growing UK-US economic collaboration under the Atlantic declaration, although sources confirm that the particular trade partnership is off the agenda.
Brexit advocates have touted the potential for bilateral trade deals, especially with the US, as a major advantage. But a proposed comprehensive free trade agreement encountered roadblocks due to US agricultural access demands and UK concerns over food standards. An alternative, covering digital trade and other sectors, fell through as it wouldn't lower service barriers, falling short of a full trade deal.
The deal faced difficulties, and UK Prime Minister Rishi Sunak's refusal to accept chlorine-washed chicken or hormone-injected beef further complicated matters.
Additionally, with the upcoming election and memories of Trump's trade policy rhetoric, the Biden administration lacked enthusiasm for an agreement. Ron Wyden, the Senate finance committee chair, conveyed through a spokesperson that announcements should be deferred until a mutually beneficial deal is within reach.