UK's hopes for agreement fall to 'zero' after president came under pressure from own party about effects on US manufacturing
Joe Biden has shelved plans for a pact with Britain that could have paved the way for a full post-Brexit trade deal.
The US president has decided not to move forward with a “foundational” agreement prepared by the US Trade Representative’s Office, that would have included negotiations over 11 areas of trade and regulation, following opposition from his own party in the Senate.
Senate Democrats argued that it would not have provided sufficient protection for American workers, Politico reported.
The UK’s hopes for a free trade agreement (FTA) with the US date from before the Brexit referendum, and faced an early setback when Barack Obama told voters that Britain would be “at the back of the queue” for a deal if it left the EU.
But despite US support for an FTA in the early days of Donald Trump’s presidency in 2016, the chance of a deal has now fallen to “zero” under Mr Biden, the Government believes.
If only there was something we could do to give us more clout in these trade negotiations. Like - hear me out - if we could club together with a bunch of other friendly mid-sized economies and negotiate collectively with Washington on that basis.
Of course if we did that we wouldn't need to negotiate with Washington.
It's not actually a good economic partner it's miles away why would we trade with them when there is a perfectly convenient continent about half an hour across the ocean?