US, Britain back rapid trade deal post-Brexit

Anglo-Irish relations ‘would fundamentally change in no-deal Brexit scenario’

Varadkar warns of future trading relationship in a no-deal Brexit | London Business News

UK Foreign Secretary Dominic Raab on Wednesday arrived with a trade delegation in Washington, where he hopes to process a quickfire free trade deal with USA officials.

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Will EU capitals look at the withdrawal agreement again, and perhaps change the terms of the Brexit negotiation mandate they have given to the European Commission in order to offer concessions?

Raab repeated Prime Minister Boris Johnson's determination to leave the European Union at the end of October whether or not the two sides set a new agreement governing post-Brexit relations.

Boris Johnson, who became prime minister in July, hopes that his warm relationship with President Donald Trump will lead to a bilateral trade deal with the US.

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Ms Truss has lined up meetings with the U.S.'s top American trade officials, telling media that "negotiating and signing an exciting new free trade agreement with the one of my top priorities".

Brexit backers have also repeatedly argued that London would have far greater freedom to negotiate its own trade pacts once it leaves the 28-nation European bloc. Larry Summers, Treasury secretary under President Obama, told the BBC this week that the Johnson government could be in for a rude awakening in trade talks with the U.S. "And we'll be on the doorstep, pen in hand, ready to sign a new free trade agreement at the earliest possible time".

"You make more concessions dealing with a wealthy man than you do dealing with a poor man".

He added: "From our point of view, we are determined to ensure that our position within the single market is not affected by this".

While Mr Varadkar attended a number of events in Northern Ireland, Finance Minister Paschal Donohoe travelled to Westminster to meet newly appointed Chancellor Sajid Javid.

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Visiting the United Kingdom in June Mr Trump ramped up the rhetoric by demanding the United Kingdom "gets rid of the shackles" of the European Union so a transatlantic trade deal can be done.

He said Mr Trump had been "effusive in his warmth" towards Britain and had expressed his "high regard" for Boris Johnson as Prime Minister.

Raab met Trump and Vice President Mike Pence late Tuesday (6 July) at the outset of a three-day tour which will also take him to Mexico and Canada.

The US is the UK's biggest individual trading partner, with around $64.4 billion of westward exports in 2018.

The meeting was held just days after Britain announced that the Royal Navy will participate in the Pentagon's proposed joint mission to protect vessels traveling through the Persian Gulf amid soaring tensions with Iran.

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