https://edition.cnn.com/2019/03/01/business/us-uk-trade-deal-brexit/index.html
I said months ago this would happen. Hopefully the pennies are dropping now.
In our desperation to build up our FTAs, the US is going to play major hardball to win a more favourable agreement. They can comfortably afford to do so. We cannot.
And now the government will be realising (if they somehow didn't before) the impossibility of the situation. We need a US FTA, but we also know that in domestic politics our electorate won't be fans of lowering standards to this degree. We also know this would make an FTA with the EU even more difficult (which we really need for 45% of our existing trade).
Because of all this, we've vowed not to do it, and in turn, that scuppers the chance of any deal. Game over on that front.
But there's more!
The US document also warns Britain that it will take "appropriate action" if the country negotiates a trade deal with a "non-market country" — which experts said is a reference to China.
An effective FTA with the US AND China? Not happening. We're sleepwalking into a game of political brinkmanship between superpowers. We'll have to pick a side.
So we have two options:
1). Stay close to the EU with which we have almost half our existing trade and share the standards we're keen to keep. But this makes a US trade agreement extremely unlikely.
2). Move closer to the US and deregulate. But this would make trade agreements with the EU and China considerably more difficult, and we need an EU FTA to have any hope of solving the backstop issue. Not to mention the lack of palatability for lower standards and rights amongst us Brits.
Option 1 is the least popular amongst Brexiteers, but the most likely and arguably the only feasible option on the table. This means we end up in a worse trade position than we were before, but now we won't have a seat at the table to influence the standards and regulations we align with.
It's simple: We were sold a lie. Having a favourable trade deal with the EU, US, China and other countries sounds great, but it's not happening and never will. It's not within the realms of reality. Not by a long shot.
People need to accept this and ask themselves if they still want to leave. If they do, fine. But we will end up poorer and with far less influence than we've ever had before. If people think being an EU member makes us a vassal state, just watch what happens after we've left.