As this e-mail hits your inbox, Donald Trump is being sworn in as President of the United States. You can follow every twist and turn of his inauguration on our liveblog. There is plenty of analysis – the best of which can be found on our site – about his agenda, but what does his presidency mean for Britain’s exit from the European Union?
President Trump has been a consistent supporter of Brexit. He may not have known what the term was when Michael Wolff asked him about it, but made clear he thought the Brits “ should leave”. He quickly embraced Brexit since then, popping over to Scotland the day after the referendum to celebrate the “great victory”. He tried to seize the mantle for himself, declaring during the campaign that “they will soon be calling me MR. BREXIT!”. And so it came to pass, as the Trump campaign confounded the pollsters on an even larger scale. Brexiteers have recognised its significance, with Nigel Farage hailing his victory last night as “ Brexit plus, plus, plus”.
Theresa May will be grateful to have a proudly pro-Brexit President in the White House instead of Hillary Clinton, who made clear her scepticism of it during the campaign. Trump’s cabinet choices have made clear their preference for bilateral trade deals rather than negotiating with large blocs, which will delight Brexiteers and irk EU leaders. Mr Farage, the Trump whisperer of Westminster, has suggested the President could get a trade deal “done and dusted” with the UK within 90 days of taking office. This may be hard, according to Oliver Illott from the Institute for Government, as Whitehall is still assembling its deal-making machine. He also cites other problems, like that British negotiators know they still have trade deals to tie up with many other countries during the Brexit process, so any generous concessions they give to America in order to thrash out a quick deal would encourage others to feel they should get the same.
EU ministers have continued to sound conciliatory ahead of the Brexit talks in the meantime. Germany’s finance minister Wolfgang Schauble declared at Davos that he was convinced London will remain an important finance centre for Europe. He was also pretty confident the negotiations and deals will all be done within the two-year timeframe once Article 50 is served. That will put a spring in Mrs May’s step, assuming Labour’s continued disarray over Brexit and the ascension of one of its biggest backers to the White House already hasn’t.
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