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David Henig
@DavidHenigUK
, 5 tweets, 3 min read Read on Twitter
A very garbled story briefed by folk who seem to have little trade policy understanding. For a start, the word steel does not appear in the US negotiating objectives for a UK FTA. Secondly, which financial services from the UK?
As @SamuelMarcLowe has pointed out about a thousand times a mini deal for the UK to not put in place a digital tax and the US to not threaten "national security" car tariffs on the UK might be feasible. But that's not...
@SamuelMarcLowe Oh, and about those textiles USTR aims for "Secure duty-free access for U.S. textile and apparel products and seek to improve competitive opportunities for exports of U.S. textile and apparel products while taking into account U.S. import sensitivities."
@SamuelMarcLowe Something our talks with the EU and the US have in common - we think we're this, and they don't... theguardian.com/politics/2019/…
@SamuelMarcLowe Anyway, sorry to bring reality into the day, presume the Labour Party's battle against itself will not take centre stage for the rest of it
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David Henig
@DavidHenigUK
Last thought on the day - the sheer volume of ridiculous takes by many quite eminent Brexiteers whose judgement has become warped by their partisanship. The Supreme Court made a judgement of which I've seen no serious criticism. They'll be grateful of it another day.
Just like that obviously awful remainer, speaker John Bercow. I mean was there any clue back in 2013 that he might be prepared to bend the rules when there was a strong feeling among MPs on a subject like the EU? bbc.co.uk/news/uk-politi…
Night all...
Read 3 tweets
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David Henig
@DavidHenigUK
Feels right, particularly given the unanimity. Very bad day for the Government.

Is it too late to hope that maturity returns to UK politics? Probably, but this is at least a moment for the grown-ups.
I think those who see themselves as conservatives should consider carefully those denunciations of the decision. Because what goes for this government also goes for others.
Agree with this. Chances of the UK leaving the EU on 31 October now very low.

But no-deal may just be delayed until after an election.
Read 4 tweets
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David Henig
@DavidHenigUK
Timeline is Supreme Court outcome bingo.

Any chance they just decide to take over given the mess the politicians have made of the last three years?
*serious supreme court and constitutional law ananlysis is available from the usual sources @davidallengreen @StevePeers @cath_haddon @carlgardner @Raphael_Hogarth etc*
@davidallengreen @StevePeers @cath_haddon @carlgardner @Raphael_Hogarth More serious Brexit analysis is this - whichever way the Supreme Court rules, the key date remains October 19th, by when no deal means the PM *by automatic application of law* must request an extension. Chances are we face political chaos at that time
Read 4 tweets

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Holger Hestermeyer
@hhesterm
Let‘s take a moment and look at one of the examples of the benefits of a US-UK FTA that @ShankerASingham mentions: government procurement. (Thread)
@ShankerASingham There is the WTO level of government procurement commitments - the GPA and the revised GPA. Not every WTO Member is a party to these, but the US is and the UK will be in its own right. That would be the non-FTA baseline. If you want.
@ShankerASingham But the statement is correct that this leaves much to be desired. The US has its protective Buy America programmes. And worse: It‘s federal structure means that much of the procurement happens on state level. And how do you get access to that?
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George Peretz QC🏴󠁧󠁢󠁥󠁮󠁧󠁿🏴󠁧󠁢󠁷󠁬󠁳󠁿BL🇮🇪
@GeorgePeretzQC
Very important point: if May’s deal goes through, a priority for MPs must be to force the Govt to consult and get agreement on its negotiating objectives for the next stage and to report/consult as negotiations proceed.
Not just with MPs but also the devolved Parliaments and those U.K. economic/sectoral interests in whose behalf the Govt will be negotiating.
I’d suggest an amendment to that effect to the meaningful vote backed up by legislation in the form of an amendment to the implementation Bill.
Read 7 tweets
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Julie Laumann
@Otpor17
In 2012, Tim Cook announced Apple would make a Mac computer in the US.

But when Apple began making the $3000 computer in Texas, it struggled to find enough screws. By the time the computer was ready for mass production, Apple had ordered screws from China nyti.ms/2HBT2QK
Apple CEO Tim Cook: “The skill here is just incredible. In the US, you could have a meeting of tooling engineers and I’m not sure we could fill the room. In China, you could fill multiple football fields.” (h/t @scottlincicome)
"Caterpillar said costs tied to new US tariffs on foreign goods, including steel and aluminum, were just above $100 million over the 5 months of 2018 that they were in effect.

The company expects more than $200 million in tariff-related costs this year." wsj.com/articles/cater…
Read 140 tweets
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Christophe Barraud🛢
@C_Barraud
🇨🇦 🇺🇸 🇨🇳 🇮🇷 #Canada arrests #Huawei’s global chief financial officer in Vancouver – The Globe and Mail
theglobeandmail.com/canada/article…
A gauge of #technology shares on the MSCI #Asia Pacific Index slid as much as 3 percent before paring some losses - Bloomberg
🇺🇸 #SPX ⬇ as much as 1.9% from Tuesday’s close, before paring some losses. Selling pressure early in the session was so intense that it forced CME Group to intermittently pause trading, according to a spokesperson for the exchange - Bloomberg
*Link: bloom.bg/2BTw5DN
Read 736 tweets
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Tom McTague
@TomMcTague
A thread on Norway for Now👇
Momentum is growing for @NickBoles' plan. As I've said before, there's much to be said for it, but it still has a no. of problems (I count 8 politico.eu/article/soft-b…). To his credit, NB address them here: thetimes.co.uk/article/norway…. Is he right? 1/10
.@NickBoles is persuasive, but on 2 major problems — the backstop & leaving EEA/EFTA — I'm not fully convinced. Nick says 🇪🇺 will sign Withdrawal Agreement without the backstop if 🇬🇧 agrees EEA/EFTA without a time limit (because this achieves the same thing + customs union) 2/10
As of now, this is not No10's understanding. They believe the backstop is now sacrosanct for 🇪🇺 (i.e. even if 🇬🇧 agrees to move straight into EFTA/EEA it will have to sign a NI-specific backstop). Perhaps in a crisis, because Nick's logic is sound, this could change 3/10
Read 10 tweets
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Pete North
@PeteNorth303
1. A thread on #trade and aid.

One of the first tangible benefits of #Brexit I've seen is the emerging reform of @DFID_UK where it is becoming more of an arm of trade policy than a state owned humanitarian NGO. I would like that to go much further and rethink trade.
2. I do not think we should be wasting too much effort on free trade deals largely because they are of questionable value and encourage inefficient value chains. Any work on tariffs should really be reserved for multilateral activity.
3. Instead we need DfID as the spearhead of our trade policy. There is no reason why we cannot pursue humanitarian goals and enhance our trade while we are at it. For a start we can do a lot with medicines and pharmacy products.
Read 21 tweets

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