Britain ‘delusional’ over US trade deal.

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Britain ‘delusional’ over US trade deal. Larry Summers said that Britain had no leverage in trade talks with the USALEX J. Wong / Getty Images, The Times, London, UK, 2019.

Britain ‘delusional’ over US trade deal. Larry Summers said that Britain had no leverage in trade talks with the USA.. Image Credit: Lex Wong / Getty Images, The Times, London, UK, 2019.

Britain ‘delusional’ over prospect of US trade deal, says Larry Summers.

LLarry Summers said that Britain had no leverage in trade talks. Summers said that Britain had no leverage in trade talks with the US. Brexiteers are “delusional” if they believe that a “desperate” Britain can strike an advantageous trade deal with the United States, a former US treasury secretary has warned.  So could a US-UK trade deal after Brexit still happen? Our policy editor, Oliver Wright, answers a former US treasury secretary has warned.

Larry Summers, who served in Barack Obama’s administration as director of the National Economic Council, said that Britain had “no leverage” in any trade negotiations. His comments come as Dominic Raab, the foreign secretary, embarks on his first trip to Washington tomorrow in an attempt to “fire up our economic relationships with non-European partners”.

Speaking on the BBC’s Today programme, Mr Summers poured scorn on the idea that President Trump would, or could, produce a favourable trade deal for Britain. “I’m not sure what Britain wants from the United States that it can plausibly imagine the United States.

 

Information and Image have been shared from an Article by Oliver Wright, Policy Editor, published at The Times,, London, UK on August 6th, 2019. Image Credit: J. Wong / Getty Images / The Times, London, UK, 2019.


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