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)