Will November’s election make US trade deals more likely?


Something unexpected happened over the summer: Rachel Reeves, recently appointed the UK’s new chancellor of the exchequer, was quoted as saying she would try to revive trade deal talks with the US if Donald Trump won November’s presidential election. David Sapsted reports.


T


rue, the report was based on remarks Ms Reeves had made last February to the ‘Daily Telegraph’ when she was still an opposition MP. The newspaper only published them after


Labour’s victory in July’s election. Still, eyebrows were raised over her apparent


determination “to do deals around the world”, including with a Mr Trump-led America. Indeed, Foreign Secretary David Lammy – previously a harsh critic of Mr Trump – has been busy wooing pro-Trump Republicans since coming to office, even meeting vice presidential candidate JD Vance and praising his autobiography, ‘Hillbilly Elegy’.


POTENTIAL IMPACT OF INCREASED US PROTECTIONISM GLOBALLY Alicia García-Herrero, senior fellow at EU policy think- tank Bruegel, believes that Mr Trump’s choice of Mr Vance as his running mate suggests his protectionist stance is just as strong, or maybe stronger, than it was when he was president from 2017– 2021. According to Ms García-Herrero, Mr Vance has


repeatedly emphasised the “need to protect American industries” from global competition. This through “broad-based tariffs, especially on goods coming in from China”. Ms García-Herrero told Brussels-based news website


Euractiv: “If we had any doubt as to whether Trump was going to be a different Trump, a more appealing Trump for Europe, for whatever reason, I think by now we know.”


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