Britain’s Roller-Coaster Ride to a Trade Deal With Trump
Over the past few years, Britain has been on a roller-coaster ride in its efforts to secure a trade deal with the United States under the Trump administration. The relationship between the two countries has been fraught with uncertainty and tension, as both sides have struggled to find common ground on key issues such as agriculture, healthcare, and intellectual property rights.
The prospect of a trade deal with the US has been a central focus for the UK government since it voted to leave the European Union in 2016. With the UK set to leave the EU’s single market and customs union at the end of the Brexit transition period, the government has been keen to secure new trade agreements with major global partners, including the US.
However, negotiations between the UK and the US have been anything but smooth. President Trump’s “America First” policies and protectionist stance on trade have made it difficult for the two countries to reach a mutually beneficial agreement. Trump has repeatedly criticized the UK’s handling of Brexit and has called for better access to the UK market for American agricultural products, such as chlorinated chicken and hormone-treated beef.
The issue of healthcare has also been a sticking point in the negotiations. The US has pushed for greater access to the UK’s National Health Service (NHS) as part of any trade deal, sparking concerns that the NHS could be opened up to privatization and increased American influence.
Intellectual property rights have also been a source of contention, with the US pushing for stronger protections for American pharmaceutical and tech companies in the UK market. This has raised concerns about the impact on consumers and the UK’s ability to regulate these industries in the future.
Despite these challenges, both countries have continued to engage in talks and have expressed a desire to reach a trade agreement. In June 2020, the UK government announced that it had launched formal negotiations with the US, with the aim of securing a comprehensive trade deal that would boost bilateral trade and investment.
However, the outcome of the US presidential election in November 2020 could have a significant impact on the future of the UK-US trade relationship. Democratic candidate Joe Biden has signaled a more multilateral approach to trade and has expressed skepticism about the benefits of a trade deal with the UK. If Biden wins the election, it is possible that the UK-US trade negotiations could be put on hold or reevaluated in light of the new administration’s priorities.
In conclusion, Britain’s efforts to secure a trade deal with the US under the Trump administration have been a turbulent and uncertain journey. While both countries have expressed a desire to reach an agreement, significant obstacles remain in the way of a comprehensive and mutually beneficial deal. The outcome of the US presidential election could further complicate the situation and shape the future of the UK’s trade relationship with the United States.