Joe Biden has shelved plans for a trade deal with the UK as the 2024 presidential elections looms closer.
Plans for a “foundational” trade agreement with the UK ahead of next year’s national polls comes after Senate opposition and disagreements over the scope of the deal.
Negotiations were indicated to begin in a draft of 11 proposed chapters, prepared by the United States Trade Representative’s (USTR) office earlier this year.
But now the deal is not expected to go ahead, two people briefed by the British and U.S. governments have said.
“I don’t think we’re going to see that re-emerge,” one person familiar with the matter told Politico.
This is a breaking news story. More to follow.
