Trade Deal feels the cheese squeeze
It has emerged that Liz Truss, the international trade secretary, backed away from signing a historic post-Brexit trade deal with Japan last week in support of a British cheese worth 0.007 per cent of total UK exports to the country.
Ms Truss, 45, had been hoping to announce the deal to protect £14.8 billion of UK exports to Japan after two days of negotiations with the foreign minister, Toshimitsu Motegi.
Mr Motegi flew back to Tokyo on Friday with no deal in place after Ms Truss demanded better terms for the UK’s stilton producers than the deal the UK has as part of its membership of the European Union, the Financial Times reported.
The talks will continue at an official level in an attempt to resolve the differences and have an agreement ratified before the transition period ends in December.
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