After Brexit with a disconnected Britain peering for a major trading partner, Donald Trump aims to fill that void with U.S. manufactured goods.
U.S. President-elect Donald Trump has shot off yet salvo, saying ultimately Brexit will turn out to be a great thing and that other countries will follow Britain out of the European Union while promising that the U.S. will strike a quick bilateral trade deal with Britain.
“I think Brexit is going to end up being a great thing,” said Trump. “I’ll tell you, the fact that your pound sterling has gone down? Great. Because business is unbelievable in a lot of parts in the UK.”
Britain’s June 23 referendum took many CEOS and investors by surprise and has triggered Britain’s deepest financial turmoil since WWII. Brexit also saw the sterling’s biggest ever one-day fall against the dollar, no wonder Trump’s wants to strike a deal in earnest.
Politics is said to make strange bedfellows. On the election trail, Trump who has cleverly whipped up the issue of disillusioned voters against existing political establishments, had forged a friendship with Nigel Farage, a leading Brexit campaigner and a fierce critic of British Prime Minister Theresa May. Trump will now have to deliver his sales pitch and do the ‘great thing’ that will make ‘America great again’ by harping on the ‘special relationship’ between Britain and the U.S.
With Britain leaving the EU, its single largest trading partner, investors and businesses have fretted on the future of Britain’s relationship with the EU, after it leaves the bloc.
Clearly, this is where Trump is seeing an opportunity to become Britain’s biggest trading partner.
“We’re gonna work very hard to get it done quickly and done properly. Good for both sides,” Trump said. “I will be meeting with [May]. She’s requesting a meeting and we’ll have a meeting right after I get into the White House … we’re gonna get something done very quickly.”
Singling out German Chancellor Angela Merker, whose visionary policies, in an increasingly connected world, have opened the doors to 1.1 million refugees from Syria and in the process have reinvigorated the Europe’s ageing job market, Trump called her immigration policy a catastrophic mistake.