After years of politicking, delays and seemingly interminable arguments, in the end -- in the words of U.K. Prime Minister Boris Johnson -- Britain appears to have 'Got Brexit Done.'
All those years of political wrangling and Johnson’s decisive election victory set up Jan. 31 as the new departure date.
EU and Union flags flutter in the breeze in front of the Victoria Tower, part of the Palace of Westminster in central London, Oct. 17, 2019.The terms of the current deal delineate how Britain will withdraw from the EU, but did not lay out the terms of any future trade deal with the economic bloc. The main issue for the government will now be negotiating that deal during the rest of the calendar year, Rentoul said.” once they have delivered on Brexit.
Yet it is not until New Years’ Day 2021 that the U.K. will be fully withdrawn from EU laws. The withdrawal will come either under the terms of a new trade deal, or, if no deal is agreed, by both parties reverting to World Trading Organization rules -- meaning that new tariffs and quotas could be enforced overnight. That could haveThe US/UK trade deal?
Both Johnson and U.S. President Donald Trump have touted the possibility of a trade deal, with the American leaderBritain's Prime Minister Boris Johnson welcomes President Donald Trump at the NATO leaders summit in Watford, Britain, Dec. 4, 2019.
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