The election of a new, Brexit-friendly prime minister in the United Kingdom with Boris Johnson does more than just launch new opportunities for British businesses and individuals — it could lead to an increase in trade with the United States.
President Donald Trump recently spoke about trade deal plans his team is already working on with newly-elected Johnson. These plans, according to the President, will lead to a significant increase in trade between the two nations.
The United Kingdom already does a ton of business with the United States, with America already being the country’s top trading partner. If Britain can increase trade with the United States, the end results will be better for both nations. Trade has been hampered until now, not because of British or American choice, but because the European Union has forbidden independent trade policy for its members. Once the UK departs the European Union, they will be able to create more favorable trade deals.
Members of the European Union are restricted from striking their own trade agreements, even when those agreements would be beneficial for both parties. As part of the European Union, Britain is unable to make its own, independent decisions on a wide range of subjects, from international trade to agriculture and the regulation of goods and services. These decisions are made by the group’s governing body in Brussels. So far, trade has been restricted for the partners that would be most beneficial to Britain, namely the US, New Zealand and Australia.
The election of Boris Johnson, coupled with refreshed enthusiasm for Brexit could lead to a massive increase in trade that would greatly benefit the UK. Should Prime Minister Johnson follow through with his promise to finally break the UK away from the EU with or without a deal, he will be able to freely negotiate with the Trump Administration.
Because of the likely increase in possibilities for the UK, President Trump’s prediction of a massive trade increase with the United States is likely to come true sooner rather than later. This increase would benefit the businesses, economies and people of both nations and allows the countries to strike agreements that are good for both sides.
“You know we can do with the UK, we can do three to four times — we were actually impeded by their relationship with the European Union; we were very much impeded on trade — and I think we can do three to four or five times what we’re doing,” Trump said.
Prime Minister Johnson has vowed to make Brexit a priority for his government — and has appointed October 31, 2019 as a self-imposed deadline to make it happen. President Trump also mentioned his favorable opinion of Johnson and the Queen herself, stating that both of these leaders were in an ideal position to make things happen for the country.