Economy

UK insists negotiations over US tech deal still ‘active’

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Despite recent whispers suggesting a halt, Downing Street is firmly reiterating that the UK remains in “active conversations with US counterparts at all levels of government” regarding a pivotal tech deal. This statement comes amidst reports casting doubt on the progress of the highly anticipated Technology Prosperity Deal.

For weeks, the tech and trade communities have been closely watching the trajectory of this ambitious agreement, which promises to forge closer ties between the two nations in the rapidly evolving digital landscape. However, the BBC has indicated that talks may have hit a snag, reportedly due to concerns from the US side.

According to the BBC, the primary sticking point appears to be US apprehension over what it perceives as wider UK trade policies. While the specifics of these ‘wider trade concerns’ remain somewhat veiled, it suggests a broader geopolitical and economic context influencing the bilateral tech discussions.

The UK government’s insistence on ‘active conversations’ provides a glimmer of hope that a resolution can be found, and that both parties are still committed to finding common ground. As stakeholders await further updates, the focus will undoubtedly be on how both sides navigate these reported challenges to bring the Technology Prosperity Deal to fruition.

Source: Original Article

Semiconductor industry most concerned by tariffs, trade policy: KPMG

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