Trade

Post-Brexit UK trade deal with USA ‘easier said than done’

The transatlantic trade deal offered by US President Donald Trump to UK Prime Minister Theresa May will ultimately prove easy to promise and hard to deliver.

That’s the warning of business leaders and trade analysts after Trump told May last week that the post-Brexit accord she hankers after can be lined up “very, very quickly.”

Agriculture could emerge as a sticking point, according to Peter Holmes, an economist at the Trade Policy Observatory, a research group.

“You can see a Trump administration coming to the U.K. and demanding a loosening of sanitary regulations on food, demanding that the U.K. allow hormone-treated beef to be sold in the U.K. and for the U.K. to accept GM crops,” he said.

“There will be quite a reaction against it.”

(Source: Bloomberg)

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