“There is no way in hell this is a massive trade deal. It would take massive effort to create a trade deal of even minimal effect.”Trade, it is worth noting, tends to involve trade-offs. All of this makes a trade deal less compelling, diminishing the stakes, leaving politics as the most meaningful context. If it sought a trade deal with the United States, Britain would land “in the back of the queue,” Mr. Obama warned. Because that is who we are as a nation.”A trade deal with the United States could be considered as evidence to further that case.

Source: New York Times January 26, 2017 17:05 UTC