Brexit: Expert discusses 'importance' of UK financial services
The state of the UK-US trade negotiations is in the spotlight ahead of Mr Biden’s inauguration. The US accounted for 15 percent of the UK’s trade in 2018 but as of yet, the two sides have yet to agree a trade deal now Britain has left the EU. While a trade deal is vital for Mr Johnson’s post-Brexit plans, Scott Lucas, professor of International Politics at Birmingham University, told Express.co.uk, a trade deal will not come until 2022 at the earliest.
Focusing on the domestic state of the country, professor Lucas claimed the President-elect will have other priorities other than a trade deal with the UK to remedy.
Not only did the professor claim the US will not prioritise a trade deal but that Dublin will now be seen as a greater focus due to its presence within the bloc.
Professor Lucas said: “A trade deal is not that important, the US has other priorities.
“Joe Biden has said as much. He didn’t repeat Barack’s line but Biden needs to pay attention to domestic concerns.
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“He wants to deal with the pandemic and economic recovery first.
“But in trade terms, who has the larger market the UK or the EU?
“For the UK it’s a holy grail, for the US, you have a different view.
“I’d rather be in Dublin than London. Dublin is the way into the EU in many matters.
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“The UK has isolated itself in a number of ways.”
It is unclear what relationship the new President will have with Mr Johnson.
In the past, the President-elect had likened the Prime Minister to Donald Trump and had served as vice President under Barack Obama, who had stated the UK would be at the back of the queue if it left the EU.
Mr Biden also criticised the Government over the introduction of the UK Internal Market Bill.
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After the Government altered some elements of the withdrawal agreement in relation to Northern Ireland with the new legislation, Mr Biden claimed there would be no trade deal until it was removed.
He said last September: “We can’t allow the Good Friday Agreement that brought peace to Northern Ireland to become a casualty of Brexit.
“Any trade deal between the US and UK must be contingent upon respect for the agreement and preventing the return of a hard border.”
Although the bill has now been altered to remove the controversial clauses, it is unclear what damage it has done across the Atlantic.
The last formal round of negotiating took place on October 30 and certain elements have now been agreed.
Any deal needs to be agreed and put before the US Congress before April to be fast-tracked through.
Currently, the two have signed a mutual recognition agreement which refers to a conformity assessment which states whether products have met specific legal requirements.
As professor Lucas stated, even though the US wants to maintain strong ties with the UK, concessions may need to be made on the NHS, agricultural standards and data laws.
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