Hopes have faded that the UK will conclude a US-November trade deal for the November presidential elections as ministers’ ‘working assumption’ is now that talks will fail after Brexit with the EU
- The UK and US hoped to negotiate a post-Brexit trade deal before the presidential election
- But now it seems increasingly unlikely that an agreement will be ready
- Meanwhile, the UK’s ‘work assumption’ in EU talks is that there will be no deal
Hopes have faded that the UK and US can conclude a trade deal before the November presidential election amid growing claims that talks with the EU on a post-Brexit deal fail.
Both Downing Street and the White House wanted to enter into a trade deal before Donald Trump pursues reelection later this year.
But today’s number 10 would not commit to a specific timetable for finalizing the talks, but would say that the intention is to “conclude an agreement as soon as possible.”
Meanwhile, the “working assumption” within the government would now be that Britain and Brussels will not agree on the terms of their future relationship before the end of the Brexit transition period.
The government has said it does not want talks with the EU to start in the fall, and that it is only a matter of weeks to finalize the deal.
But there are still “significant differences” between the two sides on important issues such as fishing rights and the extent to which the UK will agree to comply with EU rules.
The Prime Minister’s official spokesman said the UK will be “prepared for all possible scenarios” amid signs that talks with the EU on a trade agreement are failing
Meanwhile, hopes that a trade deal between the UK and US will be finalized before Donald Trump seeks reelection in November seems to have faded
The prospects for a swift trade agreement between the UK and the US were initially discussed by both parties.
But the prime minister’s spokesman said today, “I think the talks between Liz Truss and her counterpart have been constructive.
“I think we are moving towards the third round and I think they are continuing to make good progress.”
When asked if the government had given up hope of a deal before the November elections, the spokesman said: ‘I think we have always said that we want to make a deal that is in the interest of the United Kingdom and the United Kingdom. consumers.
“I don’t think we’ve given it a specific time frame. We have said that we want to close the right deal for the UK and do it as soon as possible. ‘
There are concerns that if a deal is not made before November, talks can be kicked into the long grass, especially if Trump doesn’t win.
Tomorrow the final round of negotiations between the UK and the EU will be concluded with Michel Barnier for Brussels and David Frost for Great Britain.
Number 10 downplayed the prospect of an impending collapse in negotiations, with insiders saying the talks were “not a breakthrough or failure.”
But the Daily Telegraph reported that the government’s “ working assumption ” now is that Britain is trading with Europe under World Trade Organization terms – without an agreement between the UK and the EU – after the transition period ends on December 31.
Downing Street insisted that the talks have been “constructive” so far, but acknowledged that there are still “significant differences.”
The Prime Minister’s official spokesperson said: “Round five negotiations are underway and we remain committed to working hard to find the outlines of a balanced agreement.
“It has been clear to us that the discussions during this intensified process have remained constructive, but there are still significant differences on a number of important points.
“We prefer a free trade agreement as long as it guarantees our political and economic independence. But we make sure that we are prepared for all possible scenarios. ‘