Friday, 27 January 2017

Donald Trump and Theresa May: Another 'special relationship'?


Trump and May: The new Thatcher and Reagan?


TRADEReagan and Thatcher. Bush and Blair. Obama and Cameron. And now? Trump and May.

The close relationship between US and British leaders dates back to Winston Churchill and Franklin D. Roosevelt, but how the long-standing "special relationship" will fare under US President Donald Trump's isolationist administration and UK Prime Minister Theresa May's Brexit Britain is still in question.
May will be the first foreign leader to meet with President Trump on Friday. Here's a look at how each of them sees the world.

TRADE

Trump's view:
(CNN)Reagan and Thatcher. Bush and Blair. Obama and Cameron. And now? Trump and May.
The close relationship between US and British leaders dates back to Winston Churchill and Franklin D. Roosevelt, but how the long-standing "special relationship" will fare under US President Donald Trump's isolationist administration and UK Prime Minister Theresa May's Brexit Britain is still in question.
May will be the first foreign leader to meet with President Trump on Friday. Here's a look at how each of them sees the world.

TRADE

Trump's view:
Trump campaigned on protectionist trade policies throughout his candidacy and he's spent the first few days as president signing executive orders that reinforce his vow to put "America first."
On his first day in office, he signed an executive action to withdraw from the negotiating process of the Trans-Pacific Partnership -- a deal he previously described as a "disaster done and pushed by special interests who want to rape our country." He's also said he wants to renegotiate the North American Free Trade Agreement (NAFTA), with the possibility of abandoning it all together.
Trump has expressed openness to execute a new trade deal with the UK, but has said he will prioritize American jobs.
May's view:
May is a proponent of free trade and globalization -- branding her vision of a "Global Britain" that's "open for business" in her Brexit plans.
But May's global vision might not reach as far as she hopes.
When the UK leaves the single market, which guarantees the free movement of goods, services and people within the 28 member bloc, it will need to negotiate a new trade deal with all member countries.
As the EU will give preference to its member states first, the UK might not get the deals it wants. This is one of the reasons May might look for a new free trade deal with the US.
May has said she will seek free-trade agreements with individual countries in and out of Europe and will use her meeting with Trump to start preliminary talks. But even if Trump is open to a new UK trade partnership, the UK won't be able to sign any agreements until it officially leaves the EU, a process which hasn't officially started and is likely to take at least two years.
Trump campaigned on protectionist trade policies throughout his candidacy and he's spent the first few days as president signing executive orders that reinforce his vow to put "America first."
On his first day in office, he signed an executive action to withdraw from the negotiating process of the Trans-Pacific Partnership -- a deal he previously described as a "disaster done and pushed by special interests who want to rape our country." He's also said he wants to renegotiate the North American Free Trade Agreement (NAFTA), with the possibility of abandoning it all together.
Trump has expressed openness to execute a new trade deal with the UK, but has said he will prioritize American jobs.
May's view:
May is a proponent of free trade and globalization -- branding her vision of a "Global Britain" that's "open for business" in her Brexit plans.
But May's global vision might not reach as far as she hopes.
When the UK leaves the single market, which guarantees the free movement of goods, services and people within the 28 member bloc, it will need to negotiate a new trade deal with all member countries.
Trump campaigned on protectionist trade policies throughout his candidacy and he's spent the first few days as president signing executive orders that reinforce his vow to put "America first."
On his first day in office, he signed an executive action to withdraw from the negotiating process of the Trans-Pacific Partnership -- a deal he previously described as a "disaster done and pushed by special interests who want to rape our country." He's also said he wants to renegotiate the North American Free Trade Agreement (NAFTA), with the possibility of abandoning it all together.
Trump has expressed openness to execute a new trade deal with the UK, but has said he will prioritize American jobs.
May's view:
May is a proponent of free trade and globalization -- branding her vision of a "Global Britain" that's "open for business" in her Brexit plans.
But May's global vision might not reach as far as she hopes.
When the UK leaves the single market, which guarantees the free movement of goods, services and people within the 28 member bloc, it will need to negotiate a new trade deal with all member countries.

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