Article 2X691 Rushing into a trade deal with the US would harm the UK | Adam Marshall

Rushing into a trade deal with the US would harm the UK | Adam Marshall

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Adam Marshall
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The head of the British Chambers of Commerce says Britain would be outflanked in any hastily arranged transatlantic deal agreement

As someone born in the US who has spent all his adult life in the UK, you might think I would be a natural advocate for a comprehensive US-UK free trade agreement. After all, more than 15% of all UK goods exports already go to the US - the biggest percentage for any single country, if the 47% of UK goods exports that go to the EU's 27 countries are discounted.

The US and UK are the world's two pre-eminent services exporters and the flow of knowledge and deals between them is similarly immense, as is the healthy competition between firms and financial centres. Because of this, a surprisingly large number of politicians and commentators seem to believe that, rather than pursuing quick wins that tackle some of the practical issues faced in UK-US trade, a comprehensive FTA with the US should be an early goal for post-Brexit Britain.

Related: Rex Tillerson: 'America first' means divorcing our policy from our values

Related: Hopes of EU-US trade agreement put on ice, say Brussels sources

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