Lilico: Donald Trump wants to do a huge trade deal with Britain next year – we should not turn him a
The following article appeared in the Daily Telegraph Post and is presented with permission of the author.
Donald Trump wants to do a huge trade deal with Britain next year – we should not turn him away
CNN has obtained a memo setting out the Trump plan for withdrawing from the North American Free Trade Agreement within 200 days of his becoming President. He may then revert to a US-Canada deal along the lines of the 1987 Canada-US trade agreement (CAFTA), or perhaps extend that with a new bilateral deal with Canada.
It is now widely reported, and understood by the Trump transition team, that Trump will then want to offer the UK a trade agreement, either as an extension of the Canadian agreement into a new North Atlantic Trade Agreement (NAtlaFTA) or a separate bilateral deal. It is a mistake to understand Trump’s position on NAFTA as being simple opposition to trade agreements. Rightly or wrongly, his objection is merely to trade agreements with Mexico or other low-wage economies, which he sees as sucking jobs away from the US – especially the sort of jobs that would be done by his voters.
For more, please visit:http://www.telegraph.co.uk/opinion/2016/11/18/donald-trump-wants-to-do-a-huge-trade-deal-with-britain-next-yea/