Wednesday, August 4

US, UK trade chiefs meet, agree to strengthen bilateral ties

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WASHINGTON — US Trade Representative Katherine Tai met her British counterpart Liz Truss in Washington on Tuesday, and the two agreed to continue working to strengthen bilateral ties, Tai’s office said in a statement.

Tai and Truss agreed that their recent truce in a long-running trade dispute over aid for planemakers Airbus and Boeing creates a platform for “future collaboration on shared challenges, including those posed by the anti-competitive practices of China and other non-market economies .”

They also stressed the importance of fair competition in the global economy and agreed to work together both on a bilateral and multilateral basis to enhance the international trading system, and address forced labor issues.

(Reporting by Andrea Shalal Editing by Chris Reese)

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