Britain and US to conclude trade deal this year: Mnuchin

UK looks to embark on trade talks with EU and US to spare economy from Brexit shocks

DAVOS: A post-Brexit trade deal between the United States and Britain is a top priority and expected to be reached by the end of this year, said US Treasury Secretary Steven Mnuchin.
The top US economic official made his comments before heading to London to lay out ways London and Washington could reach the quick accord after the UK leaves the EU at the end of this month.
Mnuchin's UK counterpart, Sajid Javid, will embark on trade talks with both the EU and US, in the hopes of sparing the British economy from any short or medium-term shocks of Brexit.
Javid told the US “they wanted to accomplish both these deals in 2020.”
“That's obviously an aggressive timeline,” Mnuchin said on the sidelines of the World Economic Forum in Davos.
A UK-US deal "is an absolute priority for President (Donald) Trump and we expect to complete that with them this year, which we think will be great for them and great for us," Mnuchin added.
US Commerce Secretary Wilbur Ross insisted the UK and US would have an easier time striking the deal than the EU, given close existing ties.
"There are far fewer issues between the UK and US than there are between either of us and the EU because our economies are both very similar," Ross said.
Stressing financial services, Ross underlined "there's already a pretty high degree of integration and coordination."