⁍ Britain will chide the ‘pernicious’ trade practices of the United States and Europe.


⁍ The COVID-19 pandemic has wrought havoc on global supply chains.


⁍ Britain left the European Union in January.


– “We will not be pulling up the drawbridge in an autarkic Britain First approach,” says Britain’s trade minister, referring to President Trump’s “America First” policy. In a speech Thursday, Liz Truss will argue that “the world has turned a blind eye to ‘pernicious’ trading practices,” Reuters reports. “We are instead rooting our approach for global free trade in our values of sovereignty, democracy, the rule of law, and a fierce commitment to high standards,” she will say. Truss will also accuse the European Union of being an “innovation-phobic” protectionist and say China is a “mercenaries of global trade” that uses state-owned enterprises to sell goods around the world. Britain is currently negotiating a trade deal with the EU, and Truss will say “we will not be pulling up the drawbridge in an autarkic Britain First approach.”



Source: https://www.reuters.com/article/uk-britain-eu-trade/uk-rejects-britain-first-trade-policy-taking-swipes-at-us-and-eu-idUSKBN27E00H