The United Kingdom is planning to cut tariffs on U.S. agricultural imports to advance progress on a free trade agreement, the Financial Times reported on Thursday.
The Department for International Trade was considering a"big concession package" to negotiators from the United States over the coming months to cut the cost of certain agricultural imports, the FTThe package has been led by UK trade minister Liz Truss, but is facing internal opposition from Environment Secretary George Eustice who has raised concerns that such a step could undercut UK farmers, the report added.
Last week, the United States and Britain launched formal negotiations on a free trade agreement, vowing to work quickly to seal a deal that could counter the massive drag of the coronavirus pandemic on trade flows and the two allies’ economies.
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