U.S. and Britain discuss trade deal that could take effect on Nov. 1

© Reuters. U.S. National Security Advisor John Bolton arrives for a meeting with Britain's Chancellor of the Exchequer Sajid Javid  at Downing Street in London © Reuters. U.S. National Security Advisor John Bolton arrives for a meeting with Britain’s Chancellor of the Exchequer Sajid Javid at Downing Street in London

LONDON (Reuters) – Britain and the United States are discussing a partial trade accord that could take effect on Nov. 1, the day after Britain is due to leave the European Union, a senior Trump administration official said on Tuesday.

The official also said visiting U.S. national security adviser John Bolton and British trade minister Liz Truss had discussed the possibility of the two countries’ leaders signing a road map declaration toward a trade deal at this month’s G7 summit meeting in France.

The official told reporters that Bolton and British finance minister Sajid Javid had discussed the possibility of a temporary trade agreement that covered all sectors and could last for something like six months.

During his two-day London visit, Bolton told British Prime Minister Boris Johnson that President Donald Trump wanted to see a successful British exit from the European Union on Oct. 31 and that Washington would be ready to work fast on a U.S.-UK free trade agreement.

Bolton, who has now left Britain, was seeking an improved U.S.-British relationship with Johnson after sometimes tense ties between Trump and Johnson’s predecessor, Theresa May.

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U.S., Chinese officials to discuss trade in Thursday call: Mnuchin

WASHINGTON (Reuters) – U.S. and Chinese officials will hold a telephone call later on Thursday, and further in-person trade talks could be possible depending on how their discussion goes, U.S. Treasury Secretary Steven Mnuchin said.

Mnuchin, speaking in a CNBC interview from a G7 meeting in France, said he and U.S. Trade Representative Robert Lighthizer will participate in the call with their Chinese counterparts.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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