Diageo, Pernod Ricard may lift a glass to Tai-Truss progress, pandemic still a challenge

Consumer Staples 695 Trade Deals 951 U.S. 5005 United Kingdom 322

U.S. Trade Representative Katherine Tai has held a first round of calls with her counterparts in the EU, U.K. and Canada. Talks with the U.K. included the prospects for a wide-ranging trade deal between the two historic allies where Tai referred to an “ongoing review” of progress under the Trump administration. A trade deal looks unlikely in the near term, particularly given the strictures of Trade Promotion Authority which lapses in July. The U.K. government may have to settle for a resolution to the aerospace subsidy dispute. U.S. imports of all products covered by the retaliatory duti...

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