Brexit supporters have said a trade deal with the US would go a long way to replace lost trade with the EU after we leave. And implies the US would be queueing up to make one.
That may be - but only on their terms as the Bombardier thing shows.
And whatever happened to the EU controlling everything governments and business does? Which was said to make us uncompetitive to export anything elsewhere?
I dunno the full details of government subsidies to Bombardier. But what it does show is the UK can not go back to having 'sovereignty' over everything it does. Not as regards trade.
Can always nationalise Bombardier instead with the change we'll have left over once we do likewise with the power & power-generating companies, Rail, mail, etc, etc....
AFAIC, if the Americans have uncovered hard evidence that this company has been in receipt of unfair under-the-table subsidies from the government then we owe them a debt of gratitude. This kind of thing needs to be stamped out wherever it occurs in the world - and very firmly!
they are probably just in receipt of money which is on offer to encourage companies to relocate to areas which, usually due to political unrest, are difficult to persuade companies to move to
Germany used to do this for Berlin (when it was an island inside the Iron Curtain. No-one thought this the slightest bit unreasonable)
The US have always been duplicitous bastards and while they were certainly an asset in various conflicts where they supported the UK it was done at a price and as soon as those conflicts were over a lot of technological power sharing suddenly came to an ended less we might compete with them, unfortunately because they speak English much of the population of this country thinks they may hold a soft spot for the UK when really we are just another bunch of foreigners to them to be turned over at the slightest opportunity. The present President has at least been open about his Put his America First stance which got him a lot of support to be elected as such.
You talk about a deal with the US being the Icing on a cake and not the cake, where ever that Cake is in the rest of the world you can bet that the US wants that as well and will use every trick in the book to stop others including us to get any of it, we will be lucky if we even get any crumbs.
Perhaps the UK should be a member of a bigger union of nations who together may be able to resist the US bully boy tactics, hang on a moment we are leaving one , oh well there is always the Commonwealth who can probably send a nasty letter to them.
So it looks like the US may end being responsible for closing down a valuable export operation because it competes with on of their own favourite industries, what do we replace that revenue with that we may not be in competition with them on ,millons of biscuit tins with pictures of the Queen on perhaps.
Even longer than with other countries? We're doomed.
I'm rather curious to know just what countries are going to replace our trade with the EU in the medium term. Not speculation about how third world countries may one day make decent partners.
It doesn't bode well for Brexit free trade with the US though.
The US view of free trade is we sell to you, you buy from us (or else).
Britain on its own will get a much worse deal with the US than if we were negotiating as a part of the much larger EU.
US was always protectionist even before Trumps America first policy.
The Japanese would buy world class analytical kit from overseas but the US continued to buy only domestically made inferior gear for a very long time until they finally caught on. This was back in the 1980's.
The funniest was when Bush senior foisted a bilateral trade agreement of supplying some US cars and components that were fit only for landfill onto Japan (he threw up over their Prime Minister for good measure). What use is a shabby unreliable oversize left hand drive car in a small country that drives on the left like Japan (or the UK)?
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It will be interesting to see if our supine "government" can do anything about this or just allows Bombardier to be shafted by Boeing lobbyists.
By third world you mean China and India etc.? We're not going to lose any trade with the EU. Just tell them to f*ck off - then leave the NI/Eire border open.
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