Donald Trump, the President of the United States of America, has tweeted in support of striking a “large scale trade deal” with the United Kingdom after Brexit.
Earlier today, Trump tweeted: “My Administration looks forward to negotiating a large scale Trade Deal with the United Kingdom. The potential is unlimited!.”
The pound was steady against the euro and the dollar after the tweet.
The intervention of Trump comes during a crucial week for Brexit that has seen the withdrawal deal of May rejected for a second time by the MPs in the United Kingdom, a no deal Brexit ruled out in a vote in parliament, and will probably see the MPs call for an extension to the negotiation period over Brexit.
According to the UK’s Daily Telegraph, the US President was urged to support the United Kingdom leaving the European Union without a deal when he met with Nigel Farage, the former UKIP leader, earlier this month.
Last February, a deal was struck between the United Kingdom and the United States to replicate current EU-made trade deals after Brexit. However, both sides desire to strike a new deal on trade after Brexit that are independent of the rules of the European Union. Trump said that the deal made last February “strengthened” the relationship between the two countries. He also said that trade would be increased “very, very substantially” over time.
According to the Office for National Statistics of Britain, The United States is the biggest trading partner of the United Kingdom outside of the European Union, with more than £66 billion ($87.4 billion) worth of trade between the countries.
While both sides are eager for a deal, there has been some controversy in the United Kingdom over what the terms of the deal may involve. Officials in the United States, including Wilbur Ross, the commerce secretary, have made it clear that they want Britain to adopt the standards of the United States and abandon the rules of the European Union under any new deal.
This has resulted in fears in some quarters that the United Kingdom will be lowering its standards. The issue of chlorine washed chickens — which are legal in the United States, but not in the European Union — has since become a political talking point symbolising the dispute.