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Tusk Says `Ireland First' in EU-U.K. Negotiations: Brexit Update

Liam Fox, U.K. international trade secretary, speaks at the British Chambers Of Commerce annual conference in London on March 8, 2018.

Liam Fox, U.K. international trade secretary, speaks at the British Chambers Of Commerce annual conference in London on March 8, 2018.

Photographer: Simon Dawson/Bloomberg
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Lawmakers are reacting to the EU’s opening negotiating position, published on Wednesday, with Trade Secretary Liam Fox and Shadow Chancellor John McDonnell both speaking in London.

The EU says it’s offering the U.K. a trade deal that would keep tariffs and quotas off goods but would do little for services. That’s a blow to the finance industry, which wants to secure mutual recognition of regulations so the City of London can maintain its status as a financial hub.