Labour’s Liam Byrne argues government needs to address US concerns about economic security
The UK should strike a bargain with the US on economic security to avoid “catastrophic” tariffs when Donald Trump returns to the White House, the Labour chair of the House of Commons business and trade committee has urged. Liam Byrne said the British government should seek an exemption from any US tariffs by offering to tighten up its inward investment screening programme and introduce a tougher export control regime.
Byrne claimed Chinese involvement in British university research and development partnerships has triggered alarm in Washington that Beijing could gain access to UK-derived intellectual property with potential military applications. “The US security establishment doesn’t think that the UK has robust enough control around export security in place . . . It’s a concern across Democrats and Republicans,” he said.
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