Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

Britain should align with US on trade rather than pursue EU, says Trump aide

admin by admin
November 17, 2024
in Economy
0
Britain should align with US on trade rather than pursue EU, says Trump aide
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

LONDON (Reuters) – A senior economic adviser to U.S. President-elect Donald Trump has said Britain should align itself with the United States on trade rather than pursue closer ties with the European Union.

Speaking to BBC radio, Stephen Moore said the EU had a “socialist model” and suggested the U.S. would be less interested in a free trade deal with Britain if the government put its economic relations with the EU ahead of those with the U.S.

“The UK is kind of caught in the middle of these two forms of economic model and I believe that Britain would be better off moving towards more of the American model of economic freedom. And if that were the case, I think it would spur the Trump administration’s willingness to do the free trade agreement with the UK,” said Moore.

Bank of England Governor Andrew Bailey on Thursday urged Britain’s new Labour government to rebuild ties with the EU.

While the government has ruled out rejoining the EU’s single market or customs union, Prime Minister Keir Starmer has said he wants to improve trade ties and diplomatic relations with the bloc.

Finance minister Rachel Reeves, speaking just before Bailey at the same event, said Britain needed to “reset” its relationship with the EU, and that she also looked forward to working closely with Trump to strengthen trade ties.

While Bailey did not refer directly to the U.S. election in his speech, policymakers around the world are still digesting Trump’s victory and the prospect of double-digit tariffs on goods imported by the United States.

This post appeared first on investing.com

Previous Post

Most gig workers only worked a single gig for 1-3 months over the past year: BofA

Next Post

Russia resells more gas in Europe after cutting off Austria, sources, data show

admin

admin

Next Post
Russia resells more gas in Europe after cutting off Austria, sources, data show

Russia resells more gas in Europe after cutting off Austria, sources, data show

Trending News

This Indian stock has risen 466% in a year despite shrinking revenue

This Indian stock has risen 466% in a year despite shrinking revenue

October 10, 2024
Factbox-Most brokerages expect 25 bps rate cut from Fed on Wednesday

Factbox-Most brokerages expect 25 bps rate cut from Fed on Wednesday

September 17, 2024
Top 3 reasons why I’m buying Reddit stock on recent weakness

Top 3 reasons why I’m buying Reddit stock on recent weakness

November 23, 2024
Subscribe to Insightful Word


    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025
    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    June 6, 2025
    Starlink reportedly secures key licence in India, moves closer to launching services

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 6, 2025

    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025

    Latest News

    • China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
    • FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more
    • Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.