Trade

Trump backs no-deal Brexit

Donald Trump has called on Britain to go for a no-deal Brexit if it does not like the terms offered by the EU.

“If they dont get what they want, I would walk away,” Trump told Britains Sunday Times ahead of his state visit to the U.K., which begins on Monday. “Yes, I would walk away. If you dont get the deal you want, if you dont get a fair deal, then you walk away.”

Trump also criticized the deal negotiated with the EU, particularly the post-Brexit transition period during which the U.K. would not be able to strike its own trade deals.

“One of the things that was, I think, very bad is to have this two-year moratorium on trade. That is terrible. That is a tremendous penalty,” he said. “We have the potential to be an incredible trade partner with the U.K. Were doing relatively little compared to what we could be doing with U.K. … I think much bigger than European Union.”

Asked if a trade deal between the U.K. and U.S. could be reached this year, Trump said that “we could work on it much faster, we could work on it very, very quickly. There is tremendous potential with trade with the United States. They have never had a president like me that understands this. I would go all-out. It would be a great, a great advantage to [the] U.K. A tremendous advantage.”

The president also pushed forRead More – Source

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