It`s a great deal for Global Britain. It guarantees trade with a friend and ally worth $20 billion who shares our commitment to free enterprise, democracy and free trade. In particular, it provides security for exporters of automobiles, food and beverage products and paves the way for a more advanced agreement that goes further and faster in modern areas such as digital and data, the economic strengthening of the role of women and the environment. Nissan, which employs 7,000 people at the UK`s largest car plant in the north-eastern city of Sunderland, called in June for „an orderly balanced Brexit.“ But the final warning is this, as the EU warns Britain that it has less than 10 days to reach a trade deal from next year. Scotch Whisky and Irish Whiskey retain their protected geographical indications (GIs) in Mexico as part of the AGREEMENT between the UK and Mexico, signed earlier this month. Tequila and mezcal continue to be protected in the UK. In recent weeks, White House proposals have emerged almost daily for Trump to denounce the deal, and Chinese businesses, investors and trade observers are tied to every word and tweet. Claire Reade, a former USTR official and senior fellow at the Center for Strategic and International Studies, said the agreement offers some incremental progress for U.S. companies seeking access to the lucrative Chinese market.
Wendy Cutler, vice president of the Asia Society Policy Institute, which negotiated trade pacts for the Obama administration, called the benefits „reasonable but modest.“ But Mr. Trump has already set a deadline for a new deal after the November election, and there is deep skepticism that the two countries will reach another agreement in the near future. But repealing the agreement would reignite the nearly two-year trade war between the United States and China, at a time when unemployment is the highest in the United States since the Great Depression of the 1930s. In total, an estimated $42 million has been saved for British exports. Among the benefits of today`s agreement is: „If the government lets the Phase 1 agreement die, it will be difficult to justify the pain caused by the long trade war,“ she wrote in an essay this week. Jordan Since the implementation of the U.S.-Jordan Free Trade Agreement in December 2001, trade with two retailers between the United States and Jordan has increased by more than 350%, from US$568 million in 2001 to more than $2 billion in 2016. USTR U.S.-Jordan FTA Page“ Despite escalating conflict, the Phase 1 trade agreement is not being dismantled, U.S. officials say. The administration has indicated that it will address some of these changes in Phase 2 of the negotiations and will partially maintain tariffs to maintain leverage for the next roundtable.
Trump said he would remove all tariffs if the two sides reach an agreement in the next phase. But the agreement has a lot of criticism in both sides who say that sir.