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US-UK trade deal could reignite global trade ties, whether Trump wins or loses - Business Insider

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A US-UK trade deal could reignite stagnant global trade relations, whether Trump or Biden wins in November

US President Donald Trump is pictured on the left on September 4, 2020. UK Prime Minister Boris Johnson is pictured on the right on August 13, 2020.Talks between the US and UK for a post-Brexit trade deal have been ongoing this year in the run up to the presidential election.

I cannot think of two nations which have benefited so hugely from trade between each other than ours. We have the world's largest bilateral investment relationship, worth well over $1 trillion, supporting millions of jobs both directly and indirectly and helped to bring prosperity to many communities here and in the UK. Take the Pacific Northwest, British aerospace firms have become supply chain mainstays and stalwart job creators – supporting over 22,000 in Washington state alone.

The UK is the single largest investor in the United States, investing more than $560 billion in the US. British companies have created high paid, high quality jobs in a range of industries from manufacturing and tech to financial services across all 50 states. And while a million Americans work for British companies in the United States, a million Brits work for American companies in the UK.

 

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