, he is still ideologically closer to his European counterparts. Recent geopolitical events and disagreements, over Iran's international nuclear deal for example, have seen the U.K. side with its closest neighbors rather than the U.S.
"At the point at which it is leaving the EU, it finds itself much closer to the European position on most big issues than to the Trump administration: on climate change, on international trade, on the Iran deal … It is an uncomfortable position for the U.K. — caught between a more unilateral America and the EU it is trying to leave," Raines said.The U.K. is relying on forging international trade deals after it leaves the economic protection that EU membership has afforded it.
However, any close observers of Trump's "America First" approach to trade will know that he drives a hard bargain and thatFreddie Lait, the CIO at Latitude Investment Management, told CNBC Thursday that the G-7 presented Johnson with an opportunity to pursue the post-Brexit trade deal that the U.K. wants, one that could help to allay fears over the U.K.'s future trading relationships outside the EU.
"We don't know what a future U.S. trade deal will look like, but I think one thing it would certainly do is that it would really spur us on. We could strike trade deals around the world — that's the whole story of Brexit — we'll wait and see if they come to fruition," he told CNBC's "Squawk Box Europe."
"If we quickly signed a trade deal with our largest other trading partner and the biggest economy in the world it would give us a huge amount of pride. And I think that would be very positive for the political situation, positive for animal spirits and whether the actual economics offset each other is less relevant than the move forward from there," he said.
Boris and Trump will have a sword fight and compare bj’s from Hannity and Dobbs
The whole point is to walk away from the EU embrace the USA, Australia, Asia...
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