Friday, August 16, 2019

U.S.-U.K. Pact Could Revive Free Trade

The uncertainty surrounding U.S.-China trade talks is steering financial markets up and down more peaks and valleys than a drive through the Himalayas.

Brighter, timelier prospects for free trade might lie in the hands of two husky, showy New York natives with bold blond hair and tame blue suits: U.S. president Donald J. Trump and U.K. prime minister Boris Johnson.

"We have already done the work for you. Eleven British and American think tanks - including Heritage, Cato, Manhattan Institute, and AEI - have produced precisely such a trade deal. Not just a proposal for a trade deal, but an actual treaty, drawn up by properly qualified trade lawyers and, in theory, ready to go the day after Brexit."

American and British diplomats should retrieve this "Ideal U.S.-U.K. Free Trade Agreement," as it's titled, respect its text, and ready it promptly for Trump's and Johnson's signatures.

"With the U.K., we could do much, much more trade," President Trump said.

"In the U.S., there are all sorts of opportunities we have to open up trade," Johnson told Sky News, "But they still ban haggis, for heaven's sake."

Securing a U.S.-Chinese trade compact now looks more elaborate than a Dongyang wood carving.

https://www.nationalreview.com/2019/08/us-uk-pact-could-revive-free-trade/

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