Politics
“Starmer knows that two main reasons have led to the success of American trade” | Express comment | Comment
Keir Starmer will only admit it with tight teeth, but the American trade agreement, which will be announced later in the day, was facilitated because of words B. Boris and Brexit.
The fact that it was agreed in the weeks following the Donald Trumps Liberation Day bomb said a lot about the fluidity and flexibility of the post-EU economy. We are waiting to see the details of what the agreement will look like.
And we are waiting to see which concessions – this week, India Pact has poorly landed because of the fury on national insurance – Sir Keir had to do it.
It will be far from what we have traditionally considered a trade agreement.
Instead, it is most likely to be a cup – some exemptions from some of the trade barriers that President Trump has imposed in recent weeks.
We expect there to be a concentration on the reduction of additional tariff zones such as the automotive industry and acidulors in Aciélets, and perhaps also on the avoidance of penalties for pharmaceutical areas.
The 10% universal rate on other items is likely to stay.
But there is no doubt that the Prime Minister is somewhat raised by pigs in the back of Boris Johnson.
The former Prime Minister placed the ball on an US-UK US-UK trade agreement six years ago during the first visit to Trumps as president.
I remember talking about the secretary of international trade, Liz Truss in a New York roof bar in September 2019, while praising the fact that being out of the EU has facilitated transmission.
Ms. Truss, who was the subject of the Chancellor, said that the EU had chained Great Britain for so long and that Brexit would help make us a global economic superstar.
Two months later and Trump was out of the White House, his successor, Joe Biden, was less willing to forge the Mega-Deal that Boris wanted.
It may not be a Mega-Deal but each little help.
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