Posts Tagged ‘Newfoundland’

Trump Post-Brexit Trade Deal Will Bring Hardly Any Real Benefits

August 14, 2019

This is very revealing. According to the BBC World Service, a post-Brexit trade deal between Britain and America would only increase the economy by 0.1%. And that would be 15 years from now.

As the Skwawkbox and Mike over at Vox Political have both pointed out, this means that the Tories will have sold Trump and the American companies backing him our NHS, workers’ rights, and environmental and consumer protections for hardly anything. In fact, Mike points out that even the 0.1% growth may not happen, as the economy is already faltering, and so any gains made later may be swallowed up by the losses that are occurring now.

This is despite yesterday’s Times enthusiastically hyping Trump’s offer of a trade deal with America. Zelo Street effectively ripped that piece of propaganda apart by pointing out that we would only get the deal if we became America’s poodle, a point that was also made by one of the columnists in today’s I. The Sage of Crewe also refuted what Trump’s negotiator, John Bolton, and the Times clearly thought would be an attractive demonstration of the deal’s benefits. Bolton stated that it would be easy to make such deals quickly for manufacturing and industry, but that service sector would take a bit longer. Nevertheless, next year could see cheap American cars coming into Britain. The Sage of Crewe pointed out the other side of the coin: British cars would be undercut by cheap American imports.

I can remember when something similar happened to the motorcycle industry with the Japanese way back in the 1990s. This was when the Japanese economy started contracting and there wasn’t quite so much a market for their bikes. Their solution was to start exporting cheap bikes to Britain, which would undercut our own, domestically made machines. Even those produced by Japanese manufacturers over here. As you might expect, British bike manufacturers, including the management of Japanese companies over here, were extremely upset and started arranging meetings about what they could do about this threat to British industry and jobs. I’d be interested to hear if British car firms are planning something similar to combat the similar threat John Bolton is making to them. But guessing from the glowing way the Times was pushing Trump’s grotty trade deal, I doubt we’d read of one in that Murdoch rag.

But the Americans would wait until after Brexit before requiring us to fall in line with their policy over Iran and the involvement of the Chinese firm Huawei in the 5G network.

Put simply, this deal would make us into America’s poodle. We’d have our industries and agriculture picked off by the Americans for their benefit, as the Zelo Street article also points out. He also states that Bolton is lying through his teeth about Congress easily passing such a deal. Congress’ Speaker, Nancy Pelosi, has said that it won’t pass any deal unless the Good Friday Agreement is honoured.

The Zelo Street article concludes by stating that BoJob loves to say that Britain is a vassal state of the EU, but doesn’t mention how this deal would make us a vassal state of America by the back door.

See: https://zelo-street.blogspot.com/2019/08/us-trade-deal-if-well-be-their-poodle.html

And Mike and the Skwawkbox point out how the BBC hid the news that Trump’s deal would bring hardly any benefits to Britain by putting on the World Service. This is the Beeb’s service for the rest of the world, not Britain. Presumably the people actually affected by it don’t count. Mike concludes in his turn that its shows once again that the Beeb is the Tories’ propaganda arm, and wonders if Ofcom are aware of it?

See: https://voxpoliticalonline.com/2019/08/14/boris-johnson-would-sell-out-our-nhs-and-our-rights-to-trumps-us-for-practically-nothing/

I’m not surprised by any of this. The Americans were less than altruistic in the deals they made for their entry into the Second World War. They drove a very hard bargain with us after the War. They and the Russians both wanted the dismemberment of the British Empire so that their goods could be allowed into our former colonies. It was also thanks to their demands for payment that Newfoundland became a province of Canada. Before then it was another British colony. However, we had to give it, or sell it to the Canadians in order to raise the money to pay the Americans.

I’ve also met former members of the aircraft industry, who were also very bitter at the way America had demanded cutting edge technical information from this sector after the War. The Americans’ breaking of the sound barrier by the X-1 rocket plane, flown by Chuck Yeager, was a tremendous achievement. But it was solidly based on British research, some of which was, in its turn, based on captured German material. But the British project had to be closed down and its results and information handed over to the Americans as part of their price for coming to our aid.

Counterpunch and some of the American left-wing news sites on YouTube have also pointed out that the lend-lease arrangements under the Marshal Plan also weren’t altruistic. This was the American economic scheme to build Europe and the rest of the free world up after the War using economic aid. But there were also strings attached, which meant that the aid went chiefly to American companies.

You can conclude from this that the American state and capitalism drives a very hard bargain, and that such deals are very one-sided. As many left-wing sites have argued over and over again in their discussion of the ‘Special Relationship’. Which actually means far less to the Americans than it does to us. That was shown very clearly by Clinton’s reaction to German unification. This made Germany the strongest economy in Europe, and Clinton showed, as Beeb newsman John Sargeant managed to get the Prime Minister to acknowledge, that Germany was now America’s most important partner in Europe, not Britain.

And I’m also not surprised at the Tories and Murdoch ardently supporting this sell-out of our country. The Tories admire American capitalism and its lack of worker protection and welfare state. I can remember previous episodes where the Americans were promising a better economic deal if we abandoned Europe and joined them. And the Tories cheering such schemes nearly always owned businesses in America. And in fact, as far back as 1925 the Tories, or a section of them, were forming plans for the political reunion of Britain and the US.

And that shows exactly what Johnson and the Tories are like. Now and in the past, and I’ve no doubt in the future, they are willing to sell out British industry, the welfare state, our precious NHS and workers, all in return for the victory of unfettered capitalism and their squalid economic gain.