Obama Says Brexit May Mean 10-Year Wait for U.K. Trade Deal

President Barack Obama leaned in further on his warning to the British electorate against embracing a so-called Brexit from the European Union, saying it could take as long as 10 years before the U.K. and the U.S. negotiated a new trade agreement.”The U.K. would not be able…President Barack Obama leaned in further on his warning to the British electorate against embracing a so-called Brexit from the European Union, saying it could take as long as 10 years before the U.K. and the U.S. negotiated a new trade agreement.”The U.K. would not be able…
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  • LastGasp

    Thank God there won’t be any more of Obama’s ‘trade deals!’ Someone needs to put him out of our misery!

  • SquirePraggerstope

    Who does Bobo think he’s trying to scare with his weak “back of the queue” piffle. I laughed my head off at it because it was clear he’d been badly cornered by the questioner and it was his only way out. Remember, up until then he’d been denying any deal was possible at all, except within the US/EU framework. Forced to abandon that, he simply parroted out a technical bromide and dolled it up a bit with a spurious “biggest first” justification.

    In fact, the US already has umpteen bilateral free trade deals with, among other states, Jordan, Australia, Israel, Singapore, Panama, Columbia and South Korea. The last three of which were concluded and implemented while US/EU negotiations were already ongoing. Furthermore, another 10 or so agreements, including with New Zealand, Ghana, Kenya and, of all places, Mauritius, are being negotiated now, while US/EU talks are still ongoing. Given that EU negotiators move typically at a pace that can be measured in geological time, i expect most of these too will be concluded before the US/EU bunfight!

    And so, frankly, would a bilateral US/UK agreement. If “big” did come first as Bobo said (and it doesn’t) it’d be prioritised. Britain’s economy is far bigger than all the states in the second group I mentioned put together, and you could throw in most of the first group on top, and that’d still be the case!

    There are no queues in trade negotiations. Both the US and UK are quite big enough to conduct parallel talks with a whole range of possible partners. All Bobo’s weasely phrase means in this context is the post Brexit UK negotiations will be the most recently proposed. If he’s pressed on that he’ll have to temporise again. Unless he’s already history himself.

  • Bruna

    Tressie Feest http://ouo.io/Nw13EO