It has been suggested that the UK is stalling on agreeing a trade deal with the EU to see the outcome of the US Presiential election. If so, it makes a mockery of "Global Britain". As it stands here at nearly 16:00 on Friday 6th November 2020, news came that Biden overtook Trump in Philly, and people came out of their houses to dance. I am crying as I write this.
But this leave the UK "policy" in tatters, as President Biden, if that is what will come to pass, will want to restore the rules based order, and that means countries standing by their word, in trade deals andpeace accords.
A Trump win was going to make a no deal palatable, but a Biden win blows that out of the water. And anything that damages the GFA would be poisonous to relations with a Biden administration, so options are running out for Johnson, if, and its a big if, Biden wins.
Yesterday, a Conservative MP went on Radio 4 and said that in the event of no deal, the UK Treasury would reap billions on tafiffs. Thus failing to show he failed to understand that it is UK companies that pay tariffs, so they would be put under more financial pressure, uless as with US farmers and steel users, the Government would compensate for the added costs, which makes them pretty much pointless.
I remember writing many years ago, that anyone who talks about trade in pure tariffs terms doesn't understand trade at all, as non-tariff barriers are the real problem.
Sot it goes, so it goes.
An outbreak of common sense would, quite frankly, be a good thing round here.
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