Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

UK PM May to meet Trump in New York to discuss Brexit and trade

Published 09/24/2018, 05:38 PM
Updated 09/24/2018, 05:40 PM
© Reuters. FILE PHOTO: Britain's Prime Minister Theresa May makes a statement on Brexit negotiations with the European Union at Number 10 Downing Street, London

By William James

LONDON (Reuters) - Prime Minister Theresa May will discuss Brexit and a bilateral trade deal with U.S. President Donald Trump on Wednesday on the sidelines of the United Nations General Assembly in New York, amid increasing uncertainty over Britain's EU exit plans.

"She will be discussing a post-Brexit trade deal amongst a range of subjects also including chemical weapons and foreign affairs," a senior UK official said on Monday.

"When they meet they often discuss Brexit negotiations and they both have a strong commitment to securing a strong UK-U.S. free trade agreement once we've left (the European Union)."

A trade deal with the United States is seen as an important way to help offset the economic impact of leaving the EU in March next year. May's government has long touted the freedom to strike such deals independently of the EU as the main economic benefit of Brexit.

Any supportive comments from Trump could boost May's struggle to win over critics who say her exit plan is unworkable, and soothe financial markets which expect severe disruption if she is unable to get a Brexit deal.

During a visit to Britain earlier this year Trump said the two countries could secure a "great" post-Brexit trade deal, lavishing praise on May and contradicting his own earlier withering assessment of her exit strategy.

The U.N. meeting is likely to be dominated by Trump touting his drive to protect U.S. sovereignty, which has some world leaders worried over America's commitment to the multilateralism that has governed the United Nations since World War Two.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

May will also use her two-day trip to New York to warn against allowing the use of chemical weapons to become normalised, citing the use of a nerve agent in Britain earlier this year and chemical attacks in Syria.

"The red lines around the use of chemical weapons are being eroded," she said ahead of a meeting of the U.N. Security Council on Wednesday.

"The international community needs to do more together - both to prevent future chemical weapons use and to ensure those who use them are held to account, but also to tackle the range of other threats to global security, including the proliferation of WMD (Weapons of Mass Destruction)."

She will also use a speech at a business event to defend capitalism and free markets, and hold bilateral meetings with other leaders including Iranian President Hassan Rouhani.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.