Monday, February 10, 2025

London Mayor Equipped With Local Business Input For Upcoming Tariff Talks In Washington D.C.

Image Source: Visit website

Headlines:

• UK Trade Secretary to Meet with US Trade Envoy to Discuss Post-Brexit Trade Deal

: The UK's Trade Secretary, Liz Truss, will meet with the US Trade Envoy to discuss the terms of a potential post-Brexit trade deal between the two nations. The talks are aimed at securing a mutually beneficial agreement that will promote trade and investment between the UK and the US. (Source: BBC News) • China and Japan Agree to Strengthen Economic Ties

: Chinese Premier Li Keqiang and Japanese Prime Minister Yoshihide Suga agreed to strengthen economic ties between the two nations... including increased trade and investment in key sectors such as technology and infrastructure. The agreement aims to boost economic cooperation and promote peace and stability in the region. (Source: Reuters) • EU and South Korea Launch New Trade Agreement

: The European Union and South Korea have launched a new trade agreement aimed at increasing trade and investment between the two regions. The agreement provides for tariff reductions and other market-opening measures... and is seen as a significant step towards strengthening economic ties between the EU and Asia. (Source: European Commission) • India to Host Global Investment Summit

:

#news

Business and economic leaders from across the London region met with Mayor Josh Morgan Friday ahead of his trip to Washington D.C. next week to push back against tariff threats alongside provincial officials. Morgan called the meeting informative and said it left him well-informed for the trip.

Those in attendance were invited by Morgan from various organizations including local schools, business groups, healthcare networks and more to discuss how best to prepare the London region's economy for the ramifications of a potential trade war with the United States.

⁘This is the type of conversation that's happening in cities across the country, talking with our local manufacturers, local job creators, local businesses,⁘ Morgan said. ⁘We need to hear what they think. We need to feed that information back up through our federal and provincial partners because of the really important work ahead.⁘

Through his role as chair of the Big City Mayors' Caucus, Morgan has been at the forefront of a movement to ensure Canadian municipalities have a seat at the table in responding to the looming threats. 

A primary purpose of Friday's meeting was to equip himself with firsthand knowledge ahead of next week's trip, he said. 

The wait-and-see approach many businesses are taking threatens the economic momentum the city has been enjoying recently — something he expects is the case on both sides of the border, he said. 

⁘There's a 30-day reprieve here. That's not a lot of time to make some influence ... and we're going to bring London stories and London information to that approach,⁘ Morgan said. He also asked local business leaders about their connections to American cities and industries.

No comments:

Post a Comment