Trump looks forward to negotiating ‘large scale’ trade deal with UK
The US President Donald Trump said that he is looking forward to negotiating a comprehensive trade deal with the UK as Westminster struggles to secure a Brexit deal with the EU.
On Thursday, US President Donald Trump said that he is excited about the prospect of agreeing a ‘large scale’ trade agreement with the UK, as the country’s government struggles to secure a Brexit deal with the EU and looks to delay Article 50.
When and, increasingly if, the UK leaves the bloc it will have to negotiate its own trade deals with countries around the world, including the US, with Trump’s comments showing his support for Brexit.
US-UK trade deal has ‘unlimited’ potential
In a tweet Trump said: ‘My administration looks forward to negotiating a large scale Trade Deal with the United Kingdom. The potential is unlimited!’
His comments come as the US Trade Representative’s office announced that it plans to launch talks with the UK if it leaves the EU on March 29, with the organisation eager to agree a comprehensive deal that will include reduced and non-tariff barriers for US industrial and agricultural goods.
Since taking office, Trump has sought to renegotiate trade deals with China, Mexico, Canada and the EU in a bid to align of the US economy in line with his America First campaign.
UK government looks to extend Article 50
Despite Trump’s eagerness to redraft a trade deal with the UK on March 29, he may have to wait a little longer before he can do so, with the British MPs will vote on Thursday evening on whether to extend Article 50 and delay Brexit.
The decision to delay Britain’s departure from the EU comes after MPs in parliament rejected UK Prime Minister Theresa May’s revised Brexit deal on Tuesday and voted to take a no-deal exit off the table in a non-binding vote on Wednesday.
European Central Bank meeting
Learn about how the ECB meeting affects interest rates and price stability ahead of the next announcement on 7 March 2019.
- What is decided at the ECB meeting?
- Why is the Governing Council announcement important for traders?
- What are the key ECB rate decisions?
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