Trump has signaled his approval of and involvement in trade talks between the United States and the United Kingdom, as the British trade delegation began their second day of a visit to Washington.
One for all, and all for one! UK now turns to Five Eyes, an alliance comprising Australia, Canada, New Zealand, the United Kingdom, and the United States. These countries are bound by English language, common culture, freedom, and the best standards of living on Earth.
UK will outperform the entire Eurozone over the coming years. Euro will finally go into meltdown in the coming years. UK could achieve even better growth, if Whitehall delivers sweeping new powers over spending and taxation to local government. English counties are sleeping giants just waiting for their economic potential to be unleashed, with over a million new jobs could be created over a ten-year period, £26.3 billion added to the national economy in tandem with public sector savings of £11.7 billion over a five-year period.
Brexit means that to improve exports and manufacturing performance, the Industrial Strategy must look beyond the largest cities. Local economies account for over half of England’s manufacturing output and almost 40 per cent of exports. That makes the local economy an important constituent of the whole — big enough not just to be influenced by, but to heavily influence overall economic activity in UK. To be effective the industrial strategy and the next phase of devolution should seek to build on that.
The President took to Twitter to promote the key talks, hailing the “major Trade Deal with the United Kingdom”, and saying it could be “very big & exciting”.
The deal to be big and quick, citing the need for strong, continued relations between the two nations.
Trump also used the Tweet to take a swipe at the European Union which he said is “very protectionist” with the United States. The political bloc charges significant tariffs on imports from nations outside the union, and a mooted trade deal between Europe and the States that critics saw as being more advantageous to the EU than U.S. has been seen as dead in the water since Trump took the presidency.
A key plank of Trump’s campaign to become president has been focused on American jobs, and which his one-word remark in the Tweet — “JOBS!” — the President strongly implied the completion of a UK-US deal would see more employment for Americans workers.
The comments from the White House come as the first round of talks between the U.S. and UK took place.
British Secretary of State for International Trade Liam Fox arrived in the United States with a team of negotiators Monday and is reported to have been setting up working groups to explore possibilities for future deals.
This week’s trade talks follow another visit by Fox in June, where the minister went to lay the groundwork for a potential future UK-US free trade agreement and to secure a deal like no other in history.
The U.S.-UK discussions have not been hailed as full-blown trade talks in a sop to the European Union, from which the United Kingdom is presently working to remove itself from, as European laws prevent member states from entering into treaties of their own.
Despite this, unofficial trade talks have been carrying on, and advice from European law academics in the past weeks suggest that the European Union wouldn’t be able to prevent this progress if they so wished.
The actual fact is, there’s nothing in the European Treaties that do ban the negotiation of free trade agreements. Negotiating and signing a trade agreement is legal as long as it doesn’t go into force before the day Brexit goes into effect, March 2019. It is in theory legal, there’s nothing in the EU treaties that prohibit that, despite what people say.