Trump offers UK ‘massive’ trade deal post Brexit

US President promises deal will be ‘far bigger and more lucrative’ than any EU deal

Trump offers UK massive trade deal post Brexit                                 

With the US/China trade war dominating the headlines, President Donald Trump is now turning his attention to the UK, offering a “massive” trade deal after Brexit.

Early on December 13, Trump tweeted his congratulations to Johnson on his “great win” before getting down to business.

“This deal has the potential to be far bigger and more lucrative than any deal that could be made with the EU. Celebrate Boris,” he said.

Trump has always been a vocal supporter of Johnson, describing him as “the exact right guy for the times”. In September he told the United Nations the trade deal he has been working on with the Prime Minister would be “magnificent”.

However, last month he said they couldn’t make a deal because of “certain aspects” of the withdrawal deal Johnson agreed with the European Union.

A trade deal with the US was heavily debated during the UK election campaign. Labour claimed the Conservatives wanted to sell off the NHS to America but Trump told journalists during his recent visit to Britain that he wants "nothing to do with" the health service.

Trump and Johnson have both said they want to agree on a US-UK trade deal after Brexit as soon as possible.

Following the election result, the pound climbed to its best level against the dollar since May 2018, hitting a high of 1.3507. This has since dropped 0.70 per cent to 1.3380, but it remains near its strongest level in months against the euro and dollar.

FURTHER READING: Sterling hits new seven-month high against the US dollar

FURTHER READING: Markets edgy as traders await key decisions in UK and US

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image