So, Britain has got its trade deal with the US – of sorts. Donald Trump has awarded Britain no exemption from his tariffs. Even so, he has left Britain off lightly, by imposing tariffs of 10 per cent on imports from Britain to the US – the lowest he imposed on any country, along with Brazil. The EU, by contrast, has been imposed with a tariff of 20 per cent.
Finally, then, we have a tangible benefit of Brexit that no one can ignore. Were we still members of the EU, our exporters would be hit much harder than they are being. Given that the US is our single biggest trade partner, that is not an outcome to be sniffed at.
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