Politicians on both sides of the Atlantic, including President Donald Trump, have spoken enthusiastically about a U.S.-U.K. free-trade deal. Opening up the U.S. financial-services market, for example, was impossible for the weightier EU in now moribund trade negotiations with the Obama administration. Meantime, the U.S. will want to open up the British economy to U.S. farm products by relaxing regulations on labeling, food safety, genetically modified organisms. For probably a different group, ceding influence to the U.S. over important areas of the British economy would be unthinkable. A U.S.-U.K. trade deal therefore shouldn’t be taken for granted.

Source: Wall Street Journal May 19, 2018 14:03 UTC