Trump puts EU ahead of Britain for trade deal

[diseasex]

oh dear tm this....

[BrilloPad]

I won't believe it till I read it in the mail

[billybiro]

The rules are made by the bigger party. Negotiation 101.

This.

It's like in the poker game of life, we were drawing to an inside straight which got busted on the river whilst the EU already had a full house. They know it, and now we're trying to bluff them off their winning hand.

They are going to call us down all day long. And we're going to lose. Big.

[original PM]

This.

It's like in the poker game of life, we were drawing to an inside straight which got busted on the river whilst the EU already had a full house. They know it, and now we're trying to bluff them off their winning hand.

They are going to call us down all day long. And we're going to lose. Big.

Nah thats bollox mate.

[darmstadt]

As a member we are not allowed to negotiate external trade deals. So we have to leave first.

Well **** off then 😂

[AtW]

Well **** off then 😂

Brexiters will be complaining next about "vindictive EU" preventing UK from negotiating separate deals with different member states...

[WTFH]

Trump puts EU ahead of Britain for trade deal

Brexiters are complaining as usual

FTFY

[tomtomagain]

So over the last 50 years the EU hasn't managed to get a trade deal with the US, the worlds largest economy.

Guess that means we're trading with the US under WTO at the moment. How important are these deals really?

55% of my sales were to the US last month, 30% to Europe ( ex UK ). There's no tariffs involved.

[AtW]

55% of my sales were to the US last month, 30% to Europe ( ex UK ). There's no tariffs involved.

Very good!

[jamesbrown]

So over the last 50 years the EU hasn't managed to get a trade deal with the US, the worlds largest economy.

Guess that means we're trading with the US under WTO at the moment. How important are these deals really?

55% of my sales were to the US last month, 30% to Europe ( ex UK ). There's no tariffs involved.

It depends. I also do most of my business with the US. Unless you're operating in a highly regulated area, or physically delivering within the US, you probably wouldn't notice the presence or absence of a formal trade agreement. Visa liberalisation would be an obvious example. They're important for goods in general (where tariffs are more important), particularly those that involve international supply chains and where margins are tight, and they can be important for particular, highly regulated, service sectors (where non-tariff barriers are more important). The point of a trade in services agreement (like TiSA) is to allow for negotiation over regulatory standards. However, that regulation is increasingly global in scope. Under the WTO, services are covered by the General Agreement on Trade in Services. Certainly, trade deals are worth pursuing, but a deal with the US wouldn't be towards the top of the list IMO, as the tariffs are generally small and our regulatory standards are similar. There are sector-specific risks with a US trade deal too.