Fox and Johnson Begin Trade Discussions

Trade Secretary Liam Fox will meet his U.S. counterpart in Washington on Monday as the U.K. seeks a trans-Atlantic trade deal as soon as possible after leaving the European Union.

Fox, who said on Sunday it will be a “difficult discussion,” is expected to hold talks with U.S. Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross before meeting members of Congress during a two-day trip. He will then travel to Mexico and Texas in a search for post-Brexit trade partners.

“Our exit from the European Union offers an unprecedented opportunity to reshape our independent trading ambitions and build on the already strong trading relationship with our single largest trading partner — the U.S.,” Fox said in a statement. A joint working group will “ensure we get to know each other’s issues and identify areas where we can work together to strengthen trade and investment ties,” Fox said.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.