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US downplays prospect of post-Brexit trade deal with UK

US Secretary of State Antony Blinken has downplayed any prospect of an imminent trade deal with a post-Brexit Britain.

In an interview with BBC radio broadcast Thursday, Blinken stated any deal would take “some time” and that US President Joe Biden needs to make sure any trade settlement would profit American employees and their households.

“Our trade negotiator just got on the job, so she’s taking the time to go back and review everything that was discussed and that’s going to take some time,” stated Blinken, who was in London within the early half of the week for the Group of Seven meeting of international ministers.

“We want to make sure that, whether it’s with the United Kingdom or anyone else, any agreements reached are consistent with the principles that President Biden has established to focus on making sure that these agreements really advance the wellbeing of our workers and their families. That’s our focus.”

Blinken stated the US’s new trade negotiator, Katherine Tai, can be taking time to evaluate the discussions that had taken place with the previous administration of Donald Trump earlier than progressing with the talks.

Trump had been a eager proponent of a trade deal with Britain, which formally left the financial orbit of the European Union at the beginning of this year. Now outdoors the EU, the UK can negotiate its personal trade offers — beforehand, when throughout the bloc, the EU had negotiated trade offers on behalf of its members.

One of the principle arguments of Brexit supporters within the runup to the referendum on Britain’s membership of the EU in 2016 was the prospect of a swift trade deal with the US, the world’s largest financial system.

The EU and the US should not have an overarching trade settlement however they do have a collection of bilateral offers to ease trade, equivalent to on aviation.

Though the US is the world’s largest financial system, Britain’s trade with the EU is way larger as a proportion of its annual GDP. That’s why it was a precedence for the federal government of Prime Minister Boris Johnson to barter an settlement that ensured that tariffs weren’t put up on trade between the UK and the EU. Though tariffs have been averted, there are quite a few non-tariff boundaries, equivalent to customs checks, that hinder trade and add prices to companies.

The Brexit deal has brought on explicit consternation inside Northern Ireland, particularly amongst those that need the area to stay half of the UK.

As half of the settlement to make sure there isn’t any border between Northern Ireland and EU member Ireland, the British authorities agreed to customs checks on some items transferring between Northern Ireland and the remainder of the UK, which didn’t exist when the UK was half of the EU.

In his interview, Blinken burdened the significance the president, who has Irish roots, positioned on making certain the good points of the 1998 Good Friday Agreement, which introduced peace to Northern Ireland.

“We want to make sure that, whether it’s with the United Kingdom or the EU, whether it’s anything we’re doing, that we make sure that the tremendous gains from the Good Friday Agreement are sustained and that the economic as well the political wellbeing of Northern Ireland is taken fully into account,” he stated.

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