Thursday 12 March 2020

UK: The art of the (no) Deal

With Tory backbenchers defeated for now, Boris is able to plough on with including Huawei in UK's 5G infrastructure, and while I would usually be against such a move, this time there is much more at stake.

During the whole Brexit debate and following stand-off, a trade deal with America was touted as both easy and so essential that Barak Obama came to lecture us while threatening to relegate us to the back of the queue if we dared vote Leave.

Trump has reversed this nonsense, but do we need or even want such a Trade Deal? 

Free Trade sounds great, but most know that anything worth having is seldom free, economically at least, and, while TTIP contained many onerous demands, ISDS alone was enough to scare the pants off any self-respecting democracy that values its own population's interests over international corporation's profits.

One driver for voting Brexit, was seeing how EU attempted to bring in TTIP without any discussion or scrutiny, and only a series of leaks and public resistance prevented this tyranny, so why would we leave EU and then sign up to an even worse deal, because President Trump is a tough negotiator and he will ensure that his US benefits from any future arrangement will far outweigh anything that we can hope for.

So Boris is left with a conundrum, after placing such store on a Deal with Donald, how does he now get to walk away without receiving a savaging from the hostile press at home...enter Huawei.

By accepting Chinese involvement despite US objections, he may yet manage to scupper any phony Free Trade Deal, and let Trump take the blame.