The US has suspended a technology cooperation deal agreed with the UK during Donald Trump’s state visit in September, citing growing frustration over wider trade negotiations.
British officials confirmed the move last week, with one saying Washington is pushing for UK concessions beyond the tech partnership, which covers areas including artificial intelligence, quantum computing and nuclear energy.
The FT reports that US negotiators are frustrated by the UK’s stance on non-tariff barriers, including food and industrial regulations, despite an agreement to allow 13,000 tonnes of US beef into the UK tariff-free each year.
One UK official said: “The digital services tax is a red herring,” adding: “We are down to negotiating some of the most difficult issues. Both sides expect this to take some time. But the dialogue remains open, active, and constructive.”
A UK government spokesperson said: “Our special relationship with the US remains strong and the UK is firmly committed to ensuring the tech prosperity deal delivers opportunity for hardworking people in both countries.”
FTSE100
The UK's flagship share index, the FTSE 100, was down four-points at 9,746 shortly after opening this morning.
Brent crude oil futures were down 1.51% at $59.98 a barrel.
Companies reporting today
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