**US Vice-President Hints at Possible Trade Deal with UK**
In a recent interview, US Vice-President JD Vance expressed optimism about the possibility of a trade deal between the United States and the United Kingdom. This comes as the global stock market continues to recover from the shockwaves caused by President Donald Trump‘s announcement of sweeping tariffs on nearly every country.
Vance told UnHerd that his team is “working very hard” with the UK government, led by Prime Minister Keir Starmer, to reach a deal. He emphasized that any agreement would go beyond just lowering tariffs and cover elements of trade in both goods and services.
**A More Reciprocal Relationship**
According to Vance, the US-UK relationship is more “reciprocal” compared to other European countries. He pointed out that Germany, for example, exports heavily to the US but imposes strict restrictions on American exports. This contrast makes a trade deal with the UK more feasible, in his view.
**Global Stock Market Turmoil**
The announcement of Trump’s tariffs sent shockwaves through global stock markets, wiping trillions of dollars from the US market. While some exemptions have been made, and markets showed signs of recovery on Monday, they remain down for the month. Vance acknowledged that any new trade system would make financial markets “jittery” but expressed confidence in Trump’s long-term strategy to reduce trade deficits.
**European Culture and Security**
In a surprise twist, Vance expressed his affection for European culture, following previous disparaging remarks between him and other top US officials. He emphasized the importance of Europe fortifying its own defense capabilities, rather than relying on the US for security. This stance reflects the administration’s repeated messaging that Europe needs to take greater responsibility for its own protection.
**War in Ukraine**
Vance also addressed the ongoing conflict in Ukraine, reiterating the administration’s message that both sides need to be understood to end the war. He emphasized that this doesn’t imply moral support for Russia’s actions or the full-scale invasion of Ukraine. Rather, it’s about understanding the strategic red lines of all parties involved.
**Next Steps**
As the situation in Ukraine continues to deteriorate, with Russia launching its deadliest attacks on Sunday, President Volodymyr Zelensky has invited Trump to visit his country before any deal is struck with Russia. The US Vice-President’s comments on a possible trade deal with the UK offer a glimmer of hope amidst global uncertainty.