Britain told to go all in on US trade deal and distance itself from ‘socialist’ EU
Britain has been told to move closer to the US to negotiate a trade deal instead of aligning itself with the “socialist model” of the EU, one of Trump’s top economic advisers has claimed.
Resuscitating his previous administration’s trade negotiations with the UK, Trump has promised tariffs of 20 per cent on imports to the US, while imports from China impose tariffs of up to 60 per cent.
One of Trump’s advisers Stephen Moore has said that the former President will likely seek a closer deal with the UK in a wider effort to provide growth to the American economy.
He said that DC would be “less interested” in forging a free trade deal with the UK if Starmer successfully “reset” the nation’s relationship with the economic bloc.
Making his case to strengthen the “special relationship” between the two states, Moore insisted that the move would be mutually beneficial.
He said: “I’ve always been in favour of a free trade agreement with the Brits but for one reason or another it hasn’t happened.”
“It would make sense to me … I think we do have a special relationship with the Brits more than we do with the Germans and the French and the rest of Europe.”
He added: “I’ve always said that Britain has to decide — do you want to go towards the European socialist model or do you want to go towards the US free market?”
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Noting Starmer’s intention to bring the UK closer to a “European model”, he added that DC had expressed hope that the UK would migrate towards “freedom” but this aspiration has dwindled since Rachel Reeves announced her Budget.
Moore’s comment has followed Bank of England chief Andrew Bailey urging Labour to “rebuild” trade relations with the supranational entity earlier this week – despite the role being officially apolitical.
He said: “Now, as I have said many times, as a public official I take no position on Brexit per se.”
“The changing trading relationship with the EU has weighed on the level of potential supply.
“The impact on trade seems to be more in goods than services, that is not particularly surprising to my mind. But it underlines why we must be alert to and welcome opportunities to rebuild relations while respecting the decision of the British people.”
However, he did recognise that the UK must respect the country’s decision to leave the EU in 2016.
The closer relationship with Europe was re-emphasised by Rachel Reeves in her Mansion House speech.
Speaking alongside Bailey, she announced: “We will not be reversing Brexit or re-entering the single market or customs union.
“But we must reset our relationship.”