Tech sector’s hopes dim for quick US-UK digital trade deal

UK hopes of securing a quick digital trade deal with the US fade amid growing resistance in Washington. Lawmakers on the left side of the Democratic Party are increasingly balk at provisions that would benefit big technology companies.

June 8, 2023 . 12:00 PM

1 min read

UK's hopes of a quick digital trade deal with the US fade amid growing resistance in Washington.
Tech groups had hoped for a deal to boost digital transactions, but the Biden administration is now soft-pedalling the prospects.
Some lawmakers on the left side of the Democratic party are increasingly balk at provisions that would benefit big technology companies.
US business groups raised concerns that Biden is now “wavering in its promotion of high standard rules for digital trade”.
The lack of movement is alarming for technology and trade lobbyists on both sides of the Atlantic.