Boris Johnson 'right man for Brexit', needs no advice: Donald Trump

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Market report Brexit relief rally and swoop for Peppa Pig maker lift FTSE 250

Prime Minister Boris Johnson makes his debut on the global stage at the G7 summit this weekend, where all eyes will be on his chummy relations with US President Donald Trump.

U.K. Prime Minister Boris Johnson has acknowledged that the prospect of a Brexit deal is "touch and go", as other European Union governments grasp the problems Britain has with the withdrawal agreement.

Travelling to the G7 summit here in France, Johnson said there were "very considerable barriers in the U.S. to British businesses", the BBC reported on Saturday.

"There is no magic world in which the bill no longer exists", the French official said on Wednesday. Efforts to salvage consensus among the G-7 rich democracies frayed Saturday in the face of U.S. President Donald Trump's unpredictable America-first approach even before the official start of the summit in southern France. Asked what his advice was for Brexit, Trump replied: 'He (Johnson) needs no advice, he is the right man for the job'. "He's going to be a fantastic prime minister".

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Trump then entered the first official summit meeting, initially set to be a discussion of foreign policy and security issues. Beijing's move takes aim at the heart of Trump's political support - factories and farms across the Midwest and South.

Trump also said the U.S. is 'very close to a major deal with Japan.' He said the two sides have 'been working on it for five months'. "So, we're going to have some very good trade talks and big numbers". "We're very excited about that".

Breakfast was held at the Hotel du Palais, where Trump kidded with reporters, "You know who this is?"

London's preference is for a comprehensive free trade deal with the United States post Brexit, UK government officials say, while some us officials including Trump's national security adviser John Bolton have talked of a sector-by-sector approach.

Offering an example of a restriction, Johnson said: "Melton Mowbray pork pies, which are sold in Thailand and in Iceland, are now unable to enter the U.S. market because of, I don't know, some sort of food and drug administration restriction".

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Brent crude futures were down $1.30, or about 2.2%, at $58.52 around mid afternoon. Crude oil futures settled lower but off their worst levels of the day, as U.S.

A British official said Johnson told Tusk that Britain would be leaving the European Union on October 31 whatever the circumstances.

"We are going to do a very big trade deal, bigger than we have ever had with the United Kingdom and now at some point they won't have the obstacle, they won't have the anchor around their ankle because that's what they have", he said.

Deals are created to increase trade by eliminating or reducing trade barriers.

Dubbed "Britain's Trump" by some, Johnson shares with the U.S. leader a deep scepticism of the European Union. He cited things like cauliflower, English wine, pillows, rail cars and even parts for showers. "When you occur to love to must promote insurance coverage within the USA you private to talk to 50 regulators". Johnson has promised the National Health Service will be off-limits and that animal welfare standards would be safeguarded.

Johnson, Macron discuss Brexit
It is still uncertain whether the European Union and Britain can find a way to avoid a no-deal Brexit. Immediately after his arrival on Saturday, Trump had lunch with French President Emmanuel Macron.

"You did very well last night President Macron", Johnson told his French host as the leaders met for a session to discuss the world economy.

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