Posted on 03/30/2019 5:26:41 AM PDT by Olog-hai
White House national security adviser John Bolton said on Friday that President Donald Trump is eager for a U.S. trade deal with Britain once it breaks away from the European Union.
President Trump remains very eager to cut a bilateral trade deal with an independent Britain. Its what the people voted for in 2016, and when they get out, whether its now, April 12 or later, well be standing right there waiting for them, Bolton said in an interview with Reuters Television. [ ]
As for whether Britain should hold a second Brexit referendum, Bolton said the vote from the first one in 2016 was clear.
In the European Union they like to say, we make the people vote until they get it right, meaning pro-EU votes. So I guess Id say if youre going to hold a second referendum and remain wins, they ought to hold a third referendum and call it best two out of three, said Bolton.
(Excerpt) Read more at reuters.com ...
I wonder why
1. This agreement hasn’t already been offered. After all the UK has already agreed with Switzerland on a post Brexit deal.
2. No one thinks that even after the deal is offered, perhaps the UK won’t want it because
2.1 The US farm lobby will insist on allowing US meat and dairy to come through and the UK won’t want that as they want to protect their own farmers. Also the UK would need to change its food regulations (which most Brits don’t want to change, not even pro Brexit folks) to fit American standards
2.2. American pharma companies will want higher prices and less generics, thereby raising the prices of medicines in the UK. Nearly all Brits are opposed to this.
3. None of the differences ate insurmountable but trade deals between complex economies take time. The USA is jot being unreasonable to demand the above (the US government must protect and project American interests), but so too should the british government.
4. The UK primarily exports services, financial. London outside the EU competes with New York. What does the UK have to offer American companies?
She’s an incompetent fool, agreed, but she is grabbing every trade deal, even with Fiji, to prove she should stay in power. If she got a trade offer from the USA that was palatable to the British public she would have taken it.
There isn’t any statement from the USA that they have offered any so far, which they could have
The UK does not need another referendum. Let the nations that voted leave, namely England and Wales, leave the EU. And let the nations that voted stay, like Scotland (62%) and Northern Ireland, stay in the EU.
I don’t believe they voted to stay, for one (I sense fake news); and the UK joined as a whole anyway so it’s not up to any outside entity to determine such a thing. And finally, to vote to be a province of a foreign entity, really?
Scotland and Northern Ireland voted Remain in the 2016 referendum. Go check the results for yourself.
The UK had devolution and recognition of the individual nations in the 90s. So just as the Brexit argument was changed circumstances, that is true for the independence of Scotland.
And finally, independent Scotland in the EU would not be a province but an independent nation like Estonia, Sweden or Denmark, all comparable northern nations that are part of the EU
Oh come on. We knew you’d be along any moment to say it doesn’t matter, big bad America will just abuse poor ole Britain, gosh wouldn’t it be so much better to be a vassal state to Brussels, etc. This is the same hymn sheet you always sing from.
So I guess Id say if youre going to hold a second referendum and remain wins, they ought to hold a third referendum and call it best two out of three, said Bolton.
Thats funny right there.
L
Secondly - the UK should and does know that this will not be some great deal where the UK will get a surplus at the US's expense.
Thirdly, before you lie about me I would expect the basic decency and you copying me in the comment. That's basic gentlemanly behavior - or is that asking for too much from you?
you are correct, he definitely offered to make a deal, but that was a statement, there was no follow-up and no trade negotiations afaik. This isn’t Trump’s fault. It most likely is May’s as you point out.
But it is pretty clear that a desperate May would have grabbed any chance of a US deal to keep herself in power
Dude, relax. I made a flippant comment about how you’d be along any second to argue for the EU. Where’s the lie in that?
Next, of course the US will have its own interests in any trade deal. Every country has domestic interests arguing for this or that position. Nevertheless the US is eager to do a trade deal with Britain as would be several other countries in the Anglosphere. We have much in common and much to gain from lower trade barriers amongst ourselves.
They deserve that one.
But it is pretty clear that a desperate May would have grabbed any chance of a US deal to keep herself in power.
Well, she sure humped the bunk on that. All she had to do was say cheerio to the EU 6 months ago and she would have saved everyone a hole lot of trouble. And she would have secured a trade deal with the US in 90 days.
L
Err... you do know that the UK itself asked for an exit i.e. divorce date of March 29th. The UK set the date and then two weeks ago asked for a delay.
And the deal is separate from that - her government has made agreements with Switzerland etc. for deals post Brexit but nothing with the USA. Most likely the terms set by the USA are not acceptable to the voting population
“Secured a trade deal with the USA in 90 days” — err.. how? Trade deals between complex economies take time - and the USA and UK have a lot of differences in opinion — for instance the UK wants to protect its farmers from American farm produce and the UK has laws for chicken and egg production (for example) that disqualify American products.
Then NHS - the UK will want its lower prices on pharmaceuticals, and the US will want to protect its pharma companies (they’ve already been asking for higher prices as part of a deal)
A deal will happen no doubt, but 3 months is optimistic for an agreement
And then regarding the UK economy - what does the US and UK have in common economically? A lot of what the UK does overlaps with US - financial instruments in particular. And cut off London from its hinterland and what does it have to offer the US?
Trade deals between complex economies take time - and the USA and UK have a lot of differences in opinion.
So did the Mexicans and the Canadians. President Trump managed to nail that down in a few months. It wont be any more difficult to work with the Brits.
It wasn't a few months (and that's not Trump's fault in any way) -- the formal negotiations started on May 17th 2017 and was not concluded until September 30th 2018 -- 16 months later. It's still not ratified by all three countries
A deal with the UK would take 9 to 12 months to negotiate and then longer to get ratification through both legislatures before accepted by both countries.
trade deals take time. The UK would be trading with the US and EU under WTO rules until that happens. That would impose tariffs on imports and eliminate most of the J-I-T manufacturing done by the UK as part of the western european supply chain
The UK will get a US trade deal post Brexit, just don't expect it before the end of this year or more likely next year.
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