It should be simply “free trade” with the U.K., no exclusions, no exemptions, just an open U.S.-U.K. market. Next we can expand it to Canada, and end all the stupid restrictions in NAFTA between U.S. and Canada. Then we can work to add Australia, New Zealand and Singapore, extending the “anglosphere” in absolutely free trade.
I, as above, concur!
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.