UK and U.S. Trade Talks
Trump Meets with May
Just this week, United States’ President Trump and Great Britain’s Prime Minister May met to discuss a number of things, one being trade between the two countries. According to American Journal of Transportation, “As the U.K. makes preparations to exit the European Union, the United States is committed to a phenomenal trade deal between the U.S. and the U.K.,” Trump said Tuesday in London during a news conference with British Prime Minister Theresa May. “There is tremendous potential in that trade deal. I say probably two or even three times of what we’re doing right now.”
The New York Times mentions, “Britain has been forced to seek an extension with the European Union on its Brexit plan, leading some to wonder if the withdrawal might never happen. For her part, Mrs. May reiterated that the country would be able to negotiate a deal.”
A trade deal may come down the road, but at the moment, Brexit must first occur along with the replacement of Prime Minister May’s position since her resignation. President Trump tried to meet with a couple of the candidates that are contenders for replacing the Prime Minister while he was there.
All in all, the United States and Great Britain will continue to have a good trade relationship. To learn more about Doing Business with the UK, check out our on-demand training and resources.