US VICE-President JD Vance Said There Was A “Good Chance” A Trade Deal Could Be Reached With The UK, Suggesting IT Would Be Easier to Land Than with other European countries Due to “A Much More Reciprocal Relationship”.
UK Business and Trade Ministry Sarah Jones Welcome Comments and Said Talks to the US Were Ongoing, But Declined to Provess Timeline on Their Progress.
“NOBODY WANTS TARIFFS. No One Wants A Tariff War. We Want To Secure A Deal With The US,” She Added.
The Real Question About Positive Comments by Vice-President JD Vance and Jones About a UK-US Trade Deal, Is What They Actually By The Term “Deal”.
Just after the Prime Minister Sir Keir Starmer’s Visit to the White House, It was Rather Telling That the UK Delegation Referred to What Being Negotiated As “Economic Deal”.
This Meant To Show That This “Deal” Was Not About An Extensive Free Trade Agreement, Covering Nearly All Goods.
In Trump’s First Term, Between the UK and US progressed Fairly Well Up Until The Point Controversial Issues About Medicine Pricing and Food Standards Emerged.
Trump’s Team Told Me Back Then Were Waiting To The Close Would Remain to Europe Union Rules After Brexit.
This time Around, The “Deal” Seems to Have ABOUCN TAIFFS for Return TechNology and Artificial Intelligence Cooperation.
The US Has Wanted to Talk About The UK’s “Tech Tax” on Mainly US digital Companies, and has been raised Issues About Online Safety Act.
However, there is a big problem now.
The US Has NOW Levied A 10% Tax Imports As part of What It Called ITS “Reciprocal Tariffs”.
But There Is No General Problem With This Trading Relationship. In fact, The UK Buys More From The Us Than The Oher Way Around.
The Mood Music From Washington Is That This 10% Tariff Is Not Negotiation With Anyone. That is The Baseline Tariff That has been Levied on Nearly All of America’s Trading Partners.
Making An Exception For One Country Would Simply Invite Significant Trade Diversion.
But the UK is in a different position than other nations.
Most Country Had Faced Higher Tariffs – As Illustrated On Donald Trump’s Big Board – Such As AS East Asia And They Want The Levy at The 10% Rate.
The Net Result Is That The Uk May Not Have To Negotiate Here, and Yet Is Being Treated Very Harshly, Given There Is No US Trade Deficit.
Factor in the Exemptions Which China and The Fact That Cars, A Major Industry, Are Being Tariffed at 25% And The Uk Side has Much to Complain About.
Another Issue Is All This is Being at the Same Time AS The Post-Brexit Reset Negotiations Are Being Outlined Of The Uk-Eu Summit Next Month.
The Word Is That The UK would like to Like to Secure An Ambitious Deal Which Aligns Closely on Export Rules. The AIM Of THIS RESET Would Be Rid Food and Farm Exports of Most Red Tape.
The US has begun to take an interest in this past. Could the US Make It Part Of Their Negotiation?
In Addition, Many US Officials Have a Mentioned A Desire For Allies to Join It in Containing China.
The US Might Also Try to Force On The UK Here, OR at Least Encourage Action to Keep Out Diverted Chinese Goods.
All this Fey in the UK Government’s Sell to Britain That The World Could Be The “Most Connected Economy In The World” Into Strong Links Markets in Europe, Including Asia Market, Including China.
There is a final factor here, which is very intriguing.
Given Last Week’s Chaos In Financial Markets Including US Government DebtIt Now The Case That The US Needs These Deals, Especially The Easy Pickings With It Closest Allies.
The UK has more leverage Than it did a month ago. The PM May Not Want to Use The US Cannot Afford to Make The UK Stall Or Walk Away.
