But we just don't see it on offer. A deal without mutual benefit is scarcely trade, and the deal President Trump has in mind seems closer to an abusive relationship with a vulnerable country than a genuine partnership. There are those this week who will rush to embrace the president's promises of a trade deal.
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But any dispassionate assessment of his record over the last three years suggests we should avoid him at all costs. You can follow him on Twitter here. The opinions in Politics. Monday, 3 June AM. By David Henig It is one of the starkest of all Brexit contradictions. More on this story Darroch stitch-up shows how quickly Brexiters turn against the national interest Being nice is the new punk 'Mavericks' used to be sexy - when did they turn into Donald Trump? We need veto on Trump trade deal, senior Labour figure demands Nigel Farage: Brits have 'over-reacted' to Donald Trump's Muslim ban Labour councillors sign open letter urging party to change its Brexit position.
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He says a group of unnamed countries would prefer not to sign a deal that includes basic rights. Is this an excuse for a failed project — one always destined to fall foul of complex horse-trading? How can we tell? But what is clear is the battle Britain faces trying to forge new trading relationships. It is another element of the Brexit fallacy — which of course is also the Lexit fallacy — that Britain on its own can secure more beneficial arrangements with foreign governments than the EU has.
Experts are sceptical about a UK-US trade deal amid Brexit and China uncertainty
Outside the EU, striking trade deals with unsavoury governments will be a fact of life, just as it is for the EU. Except that the EU has the clout to insist on human rights being part of any agreement, just as it insists on high environmental standards and a commitment to the Paris climate accords. It also demands governments continue to set their own regulations without being dissuaded by any multinationals that claim the changes would harm their profits. This last element of any trade deal is covered by the investor-state dispute settlement ISDS system, which acts as a form of arbitration but in the recent past has provided a platform for tobacco companies to sue developing-world nations that ban, tax or restrict access to cigarettes.
Last week the EU signed a deal with Singapore.
US says China playing 'blame game' in trade battle - BBC News
In it, the Asian city-state committed itself to a reduction in C0 2 emissions, a focus on human rights and a watered-down ISDS. A large devaluation of sterling in and the ending of the Bretton Woods global system of monetary management in effectively put an end to its function.
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The lesson of this colonial system of currency was one of enforced planning and austerity, which initially benefited the UK but later became far too costly to maintain. There are undoubtedly positive ways in which a post-Brexit UK can contribute to international trade and development. But references to a now defunct colonial system based on unequal economic power should not be one of them. And the international economy is also now very different from that of the colonial era. In reflecting this, UK negotiators could show a similar approach in promoting a progressive vision of the UK post-Brexit.
This could involve championing tolerance, migrant rights, working conditions, more diverse education curricula, poverty reduction and technologies in the area of climate change mitigation.
The EU has long been reluctant to grant China market economy status until it can demonstrate that Chinese product prices reflect their market value. More recently, it has sought to develop a more cohesive approach to Chinese investment in EU countries.
In holding China to rules-based trade, the EU is therefore following the very approach that those in favour of Brexit appear to be advocating. Refocus on Recovery — Nottingham, Nottingham.