4 months, 3 weeks ago

How Trump’s comeback could finally deliver on the promise of Brexit

David Lammy, the Foreign Secretary, has said that he would seek to broker a deal. “We will seek to ensure and to get across to the United States, and I believe that they would understand this, that hurting your closest allies cannot be in your medium or long-term interests, whatever the pursuit of public policy in relation to some of the problems posed by China.” The UK is in a strong position to negotiate, says Bain, who was a member of the Commons’ business, innovation and skills committee while an Opposition MP. “That’s what the market is telling you.” ‘At least we’re not first in the firing line’ Sterling has strengthened by 0.8pc against the euro since it became clear Trump had won. “If you were to consider the impact of a 10pc or 20pc trade tariff on that, as long as the UK didn’t retaliate you’d be thinking about marginal economic impacts,” he says. Henig admits that Trump’s embrace of tariffs is “not great”, but says: “On the other hand, he doesn’t particularly regard the UK as a problem.

The Telegraph
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