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Britain and US to clinch trade deal this year: US Treasury Secretary

Davos: US Treasury Secretary Steven Mnuchin on Thursday said a post-Brexit trade deal between the United States and Britain was a top priority and he expected such an agreement by the end of the year. The top US economic official made his comments before heading to London to lay out ways the two countries could reach a quick accord after the UK leaves the EU on January 31.

Responding to Mnuchin’s remarks, the spokesman for British Prime Minister Boris Johnson declined to offer a timetable. “Both sides have been clear in public that they want to agree an ambitious free trade agreement as quickly as possible,” the spokesman said.

TREASURY SECRETARY ADVISES THUNBERG TO ‘GO STUDY’

Mnuchin on Thursday advised climate activist Greta Thunberg, who has been bitterly critical of US policy at the World Economic Forum, to study economics before giving out lessons. Asked about the Swedish 17-yearold’s demand for an immediate halt to investment in fossil fuels, he told reporters: “After she goes and studies economics in college, she can come back and explain that to us.”

Source: Economic Times