British Prime Minister Theresa May congratulated Donald Trump on his victory today in the USA presidential election, saying Britain and America had an “enduring and special relationship”.
Advertisement
It is unclear as to what extent his view on Brexit has been informed by his business portfolio in the United Kingdom, which includes two golf courses in Scotland. The interim Ukip leader was again the outlying British voice at the centre of this election, appearing on stage with Donald Trump and forecasting his victory. Germany, for instance, depends heavily on global trade, while Trump has spoken out against trade treaties. President Trump may not even prove as tough on global trade as his electoral rhetoric suggested.
David Coburn: Yes, I think this is a revolution; a follow-on to Brexit.
It’s going to take a significant amount of time to assess the implications beyond the short term. The British pound has since hit lows not seen in more than 140 years.
On the other hand, Trump and the United Kingdom are likely to clash on a range of issues, he added.
There will now be a lot of reassessment, including of polling techniques.
Russ Mould, investment director at AJ Bell, said: “A drop in stocks and gains in haven assets like the yen and gold are textbook knee-jerk reactions to unexpected events, but once they sit down and think more clearly markets will need to consider long-term issues such as protectionism and inflation”.
Trump can not tear up existing trade deals, but concluding new ones “will be significantly more hard”, said Fuest.
A closer special relationship is plausible, but where President Trump takes the world more generally is far more of a mystery.
But Amanda Mohar, the vice chair of Democrats Abroad Hong Kong, said the overseas fears are justified given Trump’s calls to tear up global agreements he doesn’t like.
What we do know is that Trump regards the North American Free Trade Agreement as the “worst deal ever”, opening up space for new deals to be made.
The race to be the 45th president of the United States was freakish from the outset, so it seems only fitting it ended in as unusual a way as it started.
Speaking to The Telegraph in the early hours of this morning, Farage said the result was good news for Britain, who would now have a friend in the White House.
But the prime minister now has a powerful friend in the White House to support the plans to leave Europe. “I have no doubt, however, that the decency and common sense of the American people will prevail, and we send our solidarity to a nation of migrants, innovators and democrats”, he added. He said that Pak-US relations will further strengthen during the tenure of Donald Trump. He was referring to the surprise vote in June by people in the United Kingdom to leave the European Union.
An employee of a foreign exchange trading company works in front of a monitor displaying a graph of the Japanese yen’s exchange rate against the USA dollar in Tokyo, Japan, Nov. 9, 2016.
If he manages to introduce tariffs on certain imports, this will also lead to higher prices in the US. “He will not put logs on the track in front of Brexit in the same way Clinton might have”.
He also wants to control immigration, particularly illegal immigration.
Advertisement
As a populist he is certain to favour policies, in whatever area, that benefit the masses or at least are perceived to do so.
