Britain will be ‘first in line’ for a trade deal with the US once it has left the EU, according to Donald Trump’s national security advisor.
John Bolton, who is visiting the UK, said “to be clear, in the Trump administration, Britain’s constantly at the front of the trade queue, or line as we say.”
Prime Minister Boris Johnson has prioritised a trade agreement with the US once the UK has left the European Union. Trump has promised a comprehensive and deep trade deal.
However, last week former US treasury secretary Larry Summers said the UK would be “desperate” in trade talks and that Trump would “strike the hardest bargain.”
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The United Kingdom will be “first in line” for a free trade deal with Donald Trump once it has left the European Union, according to the President’s National Security Advisor, John Bolton.
Bolton said “to be clear, in the Trump administration, Britain’s constantly at the front of the trade queue, or line as we say.”
He added that the UK would “enthusiastically” support Britain leaving the EU without a deal at the end of October.
“If that’s the decision of the British government, we will support it enthusiastically, and that’s what I’m trying to convey,” Bolton said.
Bolton visited the the UK this week as both Trump and Boris Johnson’s government lay the foundations for a wide-ranging trade agreement between the two countries once Britain has left the EU.
He said the purpose of his visit and meeting with Prime Minister Johnson was to “convey President Trump’s desire to see a successful exit from the European Union for the United Kingdom on October 31.”
Read more: ‘Britain has no leverage. Britain is desperate. Britain has nothing else’: Trump will exploit the UK in trade talks, former US treasury secretary says
Bolton suggested that trade negotiations between the two countries — which cannot formally begin until Brexit has taken place — could be sped up by implementing agreements “sector by sector.”
Numerous trade experts have said that a UK-US trade deal will likely take years to negotiate, and that US negotiators will demand access to areas of UK industry that British politicians and the public would find unacceptable.
An example of this is in agriculture. There is concern that US companies could flood the UK market with cheap goods that would undercut British businesses and reduce the standards of goods sold in the UK.
“You could carve out some areas where it might be possible to reach a bilateral agreement very quickly, very straightforwardly,” Bolton said, adding that “areas that might be more difficult” could be negotiated later.
“So the objective is either one document or a series of agreements that would be comprehensive,” he said.
“In order to expedite things and enhance the possibility for increasing the trade and investments between the two countries, doing it in a sector-by-sector approach or some other approach that the trade negotiators might agree with, we are open to that.”
Brexit-backing members of Parliament — including Prime Minister Johnson …read more
Source:: Business Insider – Politics