The Prime Minister of the United Kingdom, Keir Starmer, is facing a new dilemma in his efforts to revive ties with the EU post-Brexit: whether to continue collaborating with the EU, its largest trading partner, or with the most powerful ally – the USA.
According to The New York Times, Starmer's recent visit to Paris, where he commemorated Armistice Day alongside French President Emmanuel Macron, symbolizes his commitment to restoring and strengthening connections with Europe. However, Donald Trump's recent victory in the U.S. presidential election complicates this effort. Trump, known for his skepticism towards the European Union, could pose a significant obstacle for Labour in their attempts to draw closer to the EU, as any revival of economic and political relations with Brussels might hinder trade negotiations with Washington.
Economists and diplomats warn that the UK will have to choose between two major powers. Closer trade ties with the EU could be jeopardized if the U.S. deems it detrimental to bilateral relations. At the same time, the idea of trying to maintain good relations with both sides also presents its challenges. Trump may demand significant concessions, including access to products that are concerning to British consumers, such as genetically modified foods.
British exporters are already experiencing the repercussions of Brexit: new border checks, tariffs, and additional costs. However, even amid these challenges, the strategic advantages of restoring economic ties with the EU may significantly outweigh the risks posed by political tensions with the U.S. Notably, the EU is a far larger trading partner for the UK than the U.S.: exports to the EU exceeded £340 billion in 2023, while imports from the EU surpassed £460 billion.
Source: nytimes.