Brexit failure: Liz Truss admits US talks on free trade deal won’t resume for years

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Liz Truss has admitted that negotiations for a post-Brexit free trade agreement with the US will not resume in the coming years as she flew to New York ahead of a meeting with Joe Biden.

In a stark admission of the failure since 2016 to broker a US trade deal, which Leave campaigners during the Brexit campaign claimed would be easy, the new prime minister made it clear that her focus was not on reaching it quickly. of this.

Instead, she emphasized that her trade priority is to conclude agreements with India and the Gulf States, and to conclude a trade pact with countries such as Australia and Japan.

She heavily downplayed the chance that negotiations would even resume to get the comprehensive deal with the states, which was billed by Brexit financiers as a major benefit of leaving the EU during the referendum.

“There are currently no negotiations with the US and I don’t expect them to start in the short to medium term,” she told reporters who flew with her to New York.

Officials did not deny that Ms. Truss actually admitted that it will be years before talks with the White House resume.

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Mr Biden has stalled trade talks and, vocally proud of his Irish heritage, expressed concern about the impact of Brexit and the Northern Ireland Protocol on the peace process.

Brexit has also dealt a multi-billion-pound blow to British trade and increased political tensions over Northern Ireland, experts say.

It has allowed the British government to take back control of its laws, but Britain’s borders are now more porous than they were in 2016, with record numbers of migrants risking their lives in unseaworthy boats to cross the Channel from France.

There are currently no negotiations with the US and I do not expect them to start in the short to medium term

Ms Truss, a former Brexit opponent who switched to become a supporter, said the deals with Delhi and other allies are “our trade priorities” ahead of talks with the US president at a UN summit on Wednesday.

The next presidential election is in 2024 and the more trade-oriented Donald Trump can run for Republican again.

When Boris Johnson last visited the US as prime minister, Biden downplayed the chances of a deal with the UK, while warning against tampering with the “Irish accords” amid a row over the post-Brexit protocol.

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Ms Truss cited one of her priorities as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), one of the world’s largest trading blocs, including Australia, Canada and Japan.

The other she mentioned is the Gulf Cooperation Council, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, and is the EU’s sixth largest export market.

Johnson and Indian Prime Minister Narendra Modi have set the TNZT for a deal to be struck by Diwali, The New Zealand Times celebration to be held on Oct. 23.

So far, the UK and US have signed smaller state-by-state agreements, with Britain signing agreements with Indiana and North Carolina.

But these are far less ambitious than the comprehensive free trade agreement touted by Brexit supporters in the 2016 referendum.

One of the issues facing future talks is Ms Truss’ threat to nullify parts of the Northern Ireland Protocol, which the EU believes violates international law.

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Senior figures in Biden’s Democratic party have warned that a trade deal could be jeopardized if the UK single-handedly tears the deal, which was part of the Brexit divorce deal.

While in New York, Ms Truss will also talk to EU French President Emmanuel Macron and Ursula von der Leyen, who will no doubt play a prominent role in Brexit.

Ms Truss will meet with Mr Macron on Tuesday, before seeing Mr Biden and Ms von der Leyen on Wednesday. She was due to meet with the US president in Britain this weekend while he was visiting for the Queen’s funeral, but the meeting was postponed.

Labour’s Shadow Foreign Secretary David Lammy, who also attended Unga, said: “After Liz Truss was rejected by the Biden administration within her first weeks in office, Liz Truss urgently needs to wake up to the damage her reckless approach to the foreign policy to the UK’s national interest.

“The Prime Minister must use the UN General Assembly to bring the UK back out of the cold and rebuild our country’s diplomatic clout.”

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