Published On: Tue, May 5th, 2020

UK-US trade warning: Expert exposes major flaw in post-Brexit deal with Donald Trump | World | News

Legal Notice: Product prices and availability are subject to change. Visit corresponding website for more details. Trade marks & images are copyrighted by their respective owners.

Professor Menon told the BBC: “A large proportion of freight that is traded internationally goes on passenger planes.

“There aren’t many passenger planes flying at the moment so volumes of international trade have fallen

“So it is, at this moment, far far harder to trade with countries a long way away than it was before the pandemic.

“So the circumstances aren’t great.”

READ MORE: Farage exposes link between Brexit and Trump impeachment acquittal

He continued: “There’s another uncertainty about things with the United States.

“We don’t know what the attitude of the US towards trade is going to be coming out of coronavirus.

“You’ve heard a lot of stuff from the administration along the lines of ‘we should no longer be dependent on foreign suppliers for medical supplies’,

“So it could be that this whole pandemic pushes countries into being more protectionist.”

Professor Menon used the EU as an example of somewhere where the impact of the pandemic may change how trade is done and negotiated.

He said: “Countries tend to trade most with countries close to them.

“Geography isn’t going to change so, in that sense, yes we’ll continue to trade with them.

“But the EU is having a very rocky crisis, it didn’t look much like a union at the beginning of the pandemic.

“And going forward, the experience of the crisis has led to some remarkable changes of opinion about the organisation.”

Source link

Clickbank Guide & Tools