Trump expects powerful trade deal with UK very quickly

Trump expects powerful trade deal with UK very quickly
Sun Jul 9, 2017 12:01:58

US President Donald Trump has said he expects a "powerful" trade deal with the UK to be completed "very, very quickly."

(presstv) -- Trump made the remarks during a meeting with British Prime Minister Theresa May on the sidelines of the G20 summit in Hamburg, Germany on Saturday.

Confirming that the two countries are currently working on an agreement, he said he would visit London in the near future.

“There is no country that could possibly be closer than our countries,” Trump said. “We have been working on a trade deal which will be a very, very big deal a very powerful deal, great for both countries and I think we will have that done very, very quickly.”

The US president said he and May “have developed a very special relationship,” adding that he believed “trade will be a very big factor between” the two countries.

He also said he “will be going to London,” but did not say when exactly, noting, “We’ll work that out.”

Following her meeting with Trump, May said she was looking forward to welcoming Trump to London, but noted both sides still are working to find a "suitable date."

She said she was optimistic about possible future trade pacts with Washington and other countries.

May, in a pointed rebuke of critics, has played up the prospects of increasing trade with “old friends and new partners” like China, India and Japan after the UK leaves the European Union.

May has been criticized by some top officials like Philip Hammond, the Chancellor, and business leaders who have been lobbying to stay in the single market and customs union.

 Experts have warned that a hard Brexit, which among other things means losing access to the EU Single Market, would slash the UK financial industry’s revenue by £38 billion.

Facing strong opposition in parliament after a miscalculated call for snap general election, May has been struggling to keep up with her own Brexit plans.