Duncan Edwards, the chief government of BritishAmerican Enterprise, mentioned Mr Trump’s return to the White Home may additionally imply recent free commerce settlement talks with the US.
Discussions stalled underneath Joe Biden because of the present president’s considerations over Northern Eire and the legality of post-Brexit laws.
President-elect Trump has continuously talked about his help for commerce tariffs.
He mentioned they may improve revenues, and in addition encourage inside US commerce slightly than utilizing worldwide markets.
“Well, the first thing to say is the UK is not the target,” Mr Edwards mentioned.
“And there can be a chance for the UK to re-enter commerce negotiations as they did 4 years in the past.
“And let’s see if they’re practical and agile about how they approach that process… they have a chance of an agreement.”
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What are ‘Trumponomics’?
Mr Trump desires to impose the best tariffs on China.
He mentioned earlier than he gained the 5 November election that he would elevate tariffs on Chinese language items to 60% and impose a “universal” tax of at the very least 10% on imports from different international locations.
One US governor – Democrat Phil Murphy of New Jersey – believes Mr Trump is not going to impose tariffs on the UK.
He added that his authorities’s place was to “support free trade” – together with between america and United Kingdom.
Mr Jones mentioned: “It’s a very strong, very fruitful relationship, both for us but also for the American economy and of course we want to protect that and strengthen it in the years ahead.”
He added: “And I think president-elect Trump has said that.
“He recognises the necessary relationship the US has with the UK, and that is the premise on which we can be co-operating in future years.”
Nevertheless, with President Biden pulling help for such a deal, the UK has within the meantime signed agreements with varied states, together with Texas and Florida.
Speak of a commerce cope with the US may elevate the spectre of points like “chlorinated chicken” being allowed into the US.
Mr Edwards mentioned that, because of the large help Mr Trump has in agricultural areas, any deal would seemingly want to permit US meals merchandise into the UK – and vice versa.
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“That’s where the political difficulty will be,” he mentioned – whereas insisting US meals is protected.
He mentioned chlorinated rooster is “a shorthand”, and that the distinction between meals requirements is “not a safety issue” and would make groceries cheaper.
