US Commerce Sec. Ross: US wants to be UK’s ‘number one trading partner worldwide’

Eren Sengezer FXStreet

Wilbur Ross, the U.S. secretary of commerce, recently crossed the news wires, via Reuters, stating that the U.S. wanted to be Britain's number one trading partner worldwide.

Key quotes (via Reuters)

Unnecessary divergence in regulations and standards between UK & US must be avoided.

Removal of tariff, non-tariff barriers to be critical component of any UK-US trade talks.

Confident dialogue between UK & US will put us in ‘good position’ for trade talks.

Holding prelim scoping discussions about strengthening economic ties between UK & US.

Trump places great deal of emphasis on bilateral trade with UK.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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