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The pound drops as Trump threatens to ‘kill’ any post-Brexit trade deal with the UK

“If they do a deal like that, we would be dealing with the European Union instead of dealing with the UK, so it will probably kill the deal,” Trump said” writes Will Martin for businessinsider.com. “If they do that, then their trade deal with the US will probably not be made.”. ET), are hovering at around 0.5% against the dollar — a substantial drop — leaving the pound at around $1.3127.Reuters/Thierry Charlier The pound has dropped significantly Friday after President Donald Trump warned that British Prime Minister Theresa May’s Brexit…

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Britain Needs a Friend—Instead, It Got Trump

“We will carry on trading with Europe but we will also be able to negotiate trade agreements with other countries” writes David Frum for theatlantic.com. It is in everyone’s interests, particularly Germany’s, to negotiate a friendly UK-EU free trade deal. …They promised, too, that a post-EU Britain would negotiate new trade pacts with the United States and Canada.In the words of the Vote Leave campaign’s campaign manifesto: We will negotiate a new UK-EU deal based on free trade and friendly cooperation. Source: theatlantic.com Share This:

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US warns Britain post-Brexit trade deal is ‘totally up in the air’ in wake of Chequers compromise

“The US has warned Britain that a post-Brexit trade deal is “totally up in the air” after Theresa May announced plans to tie the UK to EU rules and regulations indefinitely” writes David Campbell Bannerman for telegraph.co.uk. Woody Johnson, the US ambassador, questioned whether there would be a bilateral trade deal at all but said Donald Trump would “love to have one”.The President will make his first official visit to the UK on Thursday and hold talks with the Prime Minister at Chequers, with a trade deal likely to be…

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Exclusive: Farmers urge Theresa May to launch global fruit picker permit for seasonal workers post-Brexit

“Farmers have urged the Prime Minister to introduce a global fruit pickers permit for seasonal workers in order to meet the labour demands of the industry post-Brexit” writes Daniel Hannan for telegraph.co.uk. The farming industry currently employs 67,000 seasonal workers, with 95 percent coming from other EU… Source: telegraph.co.uk Share This:

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Port checks could disrupt fresh food supplies, say freight bosses

“Supplies of such foods from Scotland rotted on the roadside in 2015, the last time there were major delays in the ports” writes Lisa O’carroll for theguardian.com. The UK is not self-sufficient in food and relies on imports, an issue that farmers and food producers have said could lead to shortages of staples after Brexit.Keefe told the conference that 20% of Eurotunnel’s freight was perishable food, and after Brexit trucks coming through Eurotunnel would have to divert their content to Heathrow or Southampton for inspection, cutting into the shelf life…

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Farmers could be the biggest losers in a post-Brexit US trade deal, MPs warn

“Farmers could be the biggest losers in a post-Brexit trade deal with America, MPs warn today” writes Richard Tice for telegraph.co.uk. In a rush to secure a deal with the United States, agriculture may be traded off to secure a better agreement for the services sector, the International Trade committee said in a report to the Commons.A trade agreement with the United States will involve a lot of compromises including a potential “agriculture for services” trade-off, the committee’s report concluded. Angus MacNeil, the chair of the committee, warned the Government…

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Can Britain still shape the world post-Brexit?

“Ukip presented itself as the party of the Commonwealth in the general election of that year, arguing for a Commonwealth free trade area” writes Patrick Wintour for theguardian.com. Few will also want to give the impression they will be soft touches in free trade negotiations, or returning to an era of imperial trade favouring Britain.Ministers see the summit as the moment to show that Britain can still shape the world post-Brexit, partly by renewing old colonial friendships left untended during the years of European Union membership. Source: theguardian.com Share This:

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A ‘huge argument’ within May’s government is delaying her decision on post-Brexit immigration

“The row concerns whether Britain should incorporate preferential treatment for EU migrants into its post-Brexit immigration system” writes Adam Payne for businessinsider.com. LONDON — A row within Cabinet over how Britain should tackle immigration in negotiations with the European Union is preventing the government from deciding what it wants from post-Brexit immigration.The prime minister is no rush to have decisive discussions about post-Brexit immigration because “she knows she’d be in a small minority” on the question of how tough immigration controls should be, Portes claimed.Even if the Cabinet was to…

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India in no ‘rush’ to sign a post-Brexit trade deal and will tell Britain to accept more migrants

“Britain currently cannot sign its own free trade deals as part of the EU’s customs union” writes Adam Payne for businessinsider.com. Writing for Business Insider on Thursday, trade expert Sam Lowe warned that countries will make tricky and in some cases unacceptable demands in free trade deal negotiations with post-Brexit Britain.I think India would like certainly, and I’m sure the U.K. would too … to get the best deal possible,” Sinha said.In November, Sinha told The Telegraph that Britain must be prepared to accept more Indian migrants as a price…

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Why Britain’s vision for post-Brexit trade deals is probably an illusion

“Already we hear reports that Australia is keen for a quick trade deal” writes Sam Lowe for businessinsider.com. Yet, in return, all that an already very economically open Australia really has to offer the UK is the trade agreement itself – a participation trophy, of sorts.Positive or negative, a trade agreement with a medium-sized country on the other side of the world will have little impact on the UK’s economy as a whole. Source: businessinsider.com Share This:

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