USA and Britain trade deal.by Steven A. Donaldson Native speaking English teacher
U.S. President Donald Trump has revealed that his administration is already working on a trade deal with British prime minister Boris Johnson, which he predicts will boost British-American trade by three, four, perhaps even five times.
The United States is already the United Kingdom’s single-biggest trade and investment partner and most important security partner, but the British government has been unable to supercharge the special relationship with the U.S. with a trade deal because the European Union does not allow its member-states to conduct an independent trade policy.
International trade, like territorial fishing waters, agricultural policy, and much of the regulatory environment concerning goods, services, competition, and state aid, is controlled by Brussels, which has not struck trade agreements with the U.S., Australia, New Zealand, and several other countries which the British have a strong relationship with — largely out of consideration to other EU member-states such as France and Germany, which might not benefit from these deals like the British would.
However, with Britain’s new prime minister Boris Johnson now in office and promising to deliver Brexit on October 31st “do or die”, hopefully without the many restrictions on customs and regulations which predecessor Theresa May was willing to sign up to — and which would have effectively killed off the prospect of an independent trade policy — progress on a British-American trade deal appears to be progressing rapidly.
“We’re working already on a trade agreement,” President Trump told members of the press at the White House, adding that he believed it would be “a very substantial trade agreement.
“You know we can do with the UK, we can do three to four times — we were actually impeded by their relationship with the European Union; we were very much impeded on trade — and I think we can do three to four or five times what we’re doing,” he explained.
“We don’t do the kind of trade we could do with what some people say is Great Britain, and some people remember a word you don’t hear too much is the word England, which is a piece of it,” he added as something of an aside — seemingly a somewhat cryptic reference to the was the largest of Britain’s Home Nations has been increasingly erased from public discourse.
The President said he believes Boris Johnson has “what it takes” to be a great prime minister, adding pointedly that the British “needed him for a long time… for a long time” — like an allusion to the American’s low opinion of Theresa May’s handling of Brexit.
Created on Jul 28th 2019 00:26. Viewed 83 times.