Posted on 07/26/2019 4:40:35 PM PDT by Its All Over Except ...
The US president is said to be committed to an "ambitious free trade agreement", with formal talks to begin after Brexit.
Donald Trump has said he and Boris Johnson have already started working on a free trade deal between the US and the UK.
The US president said the pair had spoken since Mr Johnson became prime minister and that they plan to spend time together to formulate an agreement.
Downing Street confirmed that talks between the two leaders had taken place on Friday evening and that they would meet at a G7 summit in Biarritz, France, next month.
Number 10 said Mr Trump had expressed his commitment to an "ambitious free trade agreement", with formal talks to begin "as soon as possible after Britain leaves the EU".
In another Friday night phone call, Downing Street said Canadian Prime Minister Justin Trudeau also pledged to work towards a "smooth transition" to a free trade agreement with the UK after Brexit.
The pair will meet at a G7 summit in France next month.
Mr Johnson will be hoping it means talks towards both begin in earnest on 1 November, having pledged that Brexit will happen "do or die" on the current Halloween deadline.
Discussions over UK-US relations are likely to have begun in advance of Mr Johnson entering Number 10, as the PM had a phone call with Mr Trump before his leadership victory was confirmed.
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(Excerpt) Read more at news.sky.com ...
“I was looking more along the MAGA-leaning Eastern European countries lines, many of whom love Trump, along with ital and a few other Western European countries.”
Absolutely! and we’d be playing in Putin’s backyard to boot! How “sold” a country is on Trump, is directly related to how “new” Capitalism is to it. I am really over dealing with the Krauts and Frogs. They are not our friends, but they are not shy of being takers from us. I firmly believe that our post-WWII dealings with Western Europe allowed them to become Socialists on our dime, all the while they’ve been $hitting on us in every way possible! Now with Boris as PM, the UK may have a chance if the Muslims haven’t already taken over, and Italy, has shown new leadership. But screw all the rest of them!
Restore the Special Relation ...
Boris Johnson has a deep hole he has to get Britain out of created by the leftist foot-draggers who tried to sabotage the Brexit the people voted for.
Maybe they could physically move the British isles to the Atlantic seaboard?
I found the youtube link to Boris’ first House of Commons session as PM here in another FR post.
Very interesting to see and hear him in action. House of Commons debates are surprisingly confrontational, abetted by the rather small size of the chamber.
Absolute free trade would destroy our manufacturing base totally. People forget that even with NO added costs or restrictions American products are still at a disadvantage. Because the dollar is the currency of the world, it’s value does not fluctuate enough to equalize our trade balance. Not on that, but American firms must pay to ship goods across two huge oceans to reach the other wealthy regions of the planet. All of this adds up to our products always being more expensive than others. Our deficit would explode and our manufacturers would be destroyed.
What we need is reasonable trade coupled with effective industrial policies to ensure we remain a manufacturing center.
Add the whole English speaking world to the free Trade deal—The Anglosphere united (maybe add India too)
Add the whole English speaking world to the free Trade deal—The Anglosphere united (maybe add India too)
Who would those countries be?
Italy. First up. Poland?
We had that with the Trans-Pacific Partnership and walked away from it. I don't see any of those countries chomping at the bit to try and negotiate another agreement.
I've no doubt that they're going to wait a few years to see what happens with the no-deal exit. If it works out well for them then they may be the next to leave. It it doesn't then better the devil they know.
If Johnson pulls off a clean Brexit(lets hope that he does for the sake of the British people) and he is honest about it, a free trade deal with the US will be the a stake being driven through the heart of the EU and its unelected puppet masters, IMHO.
If it’s a good deal for both sides, as the President has said all along, that that is all he wants, then other countries will follow and soon Brussels will have some cheap office space and home available. This will also being driving a stake through the hearts of those like Soros and the Bilderberg group because it could mean their grip on things will be coming off.
Once the President and his crew get a deal done with the UK, while they wait for more European countries to pull out of the EU and come calling, maybe he can work on booting the IMF and UN out of the country. No more reason to have those that hate the US living under its blanket of security.
Poland is awesome. They can join.
I have no problem with Poland and several others joining.
True free trade with no tariffs at all? I believe it when I see it.
Poland would be an excellent choice!
“People forget that even with NO added costs or restrictions American products are still at a disadvantage. Because the dollar is the currency of the world, it’s value does not fluctuate enough to equalize our trade balance.”
Whether the dollar does or does not “fluctuate” “enough” is NOT because it is considered a reserve currency. It is a function/result of actions of the federal reserve and actions of the treasury. If the balance of trade were different, producing either greater or less demand for dollars, the federal reserve and/or the treasury would act to either lessen or increase demand for dollars, if they thought doing so was needed for the economy in general.
“Not on that, but American firms must pay to ship goods across two huge oceans to reach the other wealthy regions of the planet.”
Just as foreign firms must pay to ship their goods great distances to import them to the U.S. It’s a no brainer.
“All of this adds up to our products always being more expensive than others.”
All it adds up to is a big nothing.
Trade restrictions, not the value of the dollar or the general price of American goods, is the main reason SOME American goods are not exported more than they could be. Another major reason is that American manufacturers have such a large domestic market, they depend less on exports than do many overseas manufacturers. As far as “more expensive” it is European goods most of all in the world that are too expensive, worldwide, more than American goods. Have you ever been to Europe, and shopped?? I guess not.
Protectionism does not help in the long run, as the last quarter’s slowdown helps demonstrate. American protectionism and tariffs WAY more than the international value of the U.S. dollar ALWAYS raises the domestic and export price of American made goods. Why? They are zero sum events. They net out to nothing gained as far as the total U.S. economy, in general, because while helping some they raise the domestic price of production for others. Raise steel tariffs and an American producer dependent on steel gets a price increase on his raw materials and becomes less competitive than his foreign competitors in the U.S. market. What tariffs give with one hand they take away with the other.
The only trade policy the U.S. needs is one that says we have no tariffs or restrictions at all, but if you do then the tariffs and restrictions you set against us will be applied to all your goods coming here.
Yet our trade partners also have to ship their goods across the sea to trade with us at the same disadvantage. I f we cannot build a widget cheaper than the other can with shipping added, then we need to buy their widgets or get the stupid, moronic, progressive Fascist government off our backs.
The economy is not booming because of a tax cut, its booming because Trump removed some regulatory anchors from our sterns where Congress shoved them.
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