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Thread: US-UK discussing 1st November trade deal

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  1. #1

    Re: US-UK discussing 1st November trade deal

    Anyway, Trump's plan with Johnson is a big part of the de-Globalization process, and UK will be a gateway into and out of the EU market for the US. America also needs the UK as a strong partner in NATO, and on the Security Council, so we do have some bargaining power.

    Furthermore, Germany are about to turn on the funny money printing presses, along with possible negative interest rates, so I think it is fair to say that Trump has got the EU and China in a bit of a pickle at the moment, with no more free lunches on the table.

    Of course it's not great for the multinational corporations, but it will be good for the US and UK economies.

  2. #2

    Re: US-UK discussing 1st November trade deal

    Quote Originally Posted by Wales-Bales View Post
    Anyway, Trump's plan with Johnson is a big part of the de-Globalization process, and UK will be a gateway into and out of the EU market for the US. America also needs the UK as a strong partner in NATO, and on the Security Council, so we do have some bargaining power.

    Furthermore, Germany are about to turn on the funny money printing presses, along with possible negative interest rates, so I think it is fair to say that Trump has got the EU and China in a bit of a pickle at the moment, with no more free lunches on the table.

    Of course it's not great for the multinational corporations, [B]but it will be good for the US and UK economies[

    /B].

    And in the grand scheme of things this is what will matter .( it will be good for the US and UK economies) thats all Workington man wants to see some benefits ?

    Another 'wait and see' moment ,they are building up

  3. #3

    Re: US-UK discussing 1st November trade deal

    Quote Originally Posted by life on mars View Post
    And in the grand scheme of things this is what will matter .( it will be good for the US and UK economies) thats all Workington man wants to see some benefits ?

    Another 'wait and see' moment ,they are building up
    Well some of the waiting is over. The Department for International Trade reckons that an ambitious and far reaching deal with the US will grow the UK economy by as much as 0.16%.

    By my crude maths that means we only need to find 30 more equivalent pump-priming deals with the rest of the world to compensate for the 4.9% hit (UK Treasury calculation) the economy will receive as a consequence of a Canada-style trade deal we are seeking with the EU.

    Obviously if we walk away as we are threatening and go for what the Government is ridiculously calling an Australian-type deal (Clue Australia has no deal with the EU and trades on WTO terms) then the hit goes up to 7.6% or 48 countries with equivalent amount of trade to that we are seeking with the US.

    The Government's answer to this was to rubbish its own calculations on the basis that they were made by the previous government. Wait and see what "alternative facts" they come up with I suppose.

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