Thursday, October 29, 2015

As The UK Pivots Toward China The U.S. Threatens Sanctions If Britain Leaves The EU

Trouble in New World Order land?
At least Gordon Brown got the DVD's.
And the Queen her iPod.
From ValueWalk:

U.S. Threatens Trade Barriers If UK Leaves EU
It seems the United States is not done alienating its few remaining allies as the UK is already potentially pivoting towards China. 
According to a senior United States official, Washington would not agree a separate free trade deal with Britain if the latter leaves the European Union. 
U.S. trade representative Michael Froman spoke out on the issue, the first time that a senior U.S. official has declared the consequences of a so-called Brexit on trade between the two allies. By the end of 2017 British voters will vote on whether or not to stay in the EU, and opinion polls reveal growing support for leaving the union, according to The Guardian. 
UK-U.S. trade could suffer after potential EU exit 
Those campaigning for the UK to leave the EU argue that the country would be better off economically thanks to bilateral free trade agreements (FTAs) with trading partners. Froman’s comments undermine that argument, threatening the $54 billion worth of British goods sold to the U.S., which is Britain’s biggest export market after the EU. 
“I think it’s absolutely clear that Britain has a greater voice at the trade table being part of the EU, being part of a larger economic entity,” Froman told Reuters, He also claimed that membership of the union affords Britain a stronger position in negotiations. 
“We’re not particularly in the market for FTAs with individual countries. We’re building platforms that other countries can join over time,” Froman said....MORE