US, UK make progress on critical minerals agreement, US says
US Trade Representative Katherine Tai said “significant progress” was made on a US-UK critical minerals agreement in talks on Saturday in Japan.
Tai issued a statement after meeting with British business and trade minister Kemi Badenoch.
The United States and the UK have been negotiating a critical minerals agreement that could allow electric vehicle minerals produced in Britain to count towards tax credits for clean vehicles offered under the US Inflation Reduction Act.
(By Ismail Shakil; Editing by Cynthia Osterman)
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