Quote:
Originally Posted by stampsx2
So there is zero benefit to a trade deal with the u.s.? It’s a one way street with the u.s. but lots of benefit to trade deals with the eu? I mean by that logic Canada should probably back out of usmca and try getting in the eu.
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There is no comparison between the UK and Canada's economy, they are utterly different, the UK is a service economy, it makes very little and the manufacturing it does have is predominantly for the EU market and largely foreign owned, it has no raw materials and a small agricultural sector, 50% of its exports are service exports to the EU, those exports rely on the UK's membership of the customs union, you cant go and consult in Germany if you aren't allowed to work in Germany after all.
A trade deal with the US does little for the UK in comparison, there is nothing in the UK that has been held back by the lack of a trade deal and the price of a US trade deal will be the loss of the UK agricultural sector, it will be swamped by cheaper US produce and disappear overnight and the loss of the City, London has maintained its edge over Wall St by looser regulation and over sight, one of the first demands of the US is regulatory alignment which will kill of the city within a few decades.
The UK will survive Brexit, it will just be permanently and massively poorer because of it, much like world war 2 did to the UK.