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Matt M
Matt M
11 months ago

I couldn’t agree less with this article. This is a great deal for the UK. A tight core of countries – Australia, Canada, Mexico, Japan and Britain – are forming an alliance with the US to contain Chinese expansionism. Would we rather be on the inside or the outside?
The idiotic policies of the early 21st Century allowed China unfettered access to our markets which almost allowed it to surpass the USA as the largest economy in the world. It also allowed critical supply chains to be reliant on a hostile and untrustworthy regime. Complete madness! In the wake of the Chinese Covid Pandemic even the slowest of US presidents knows this can’t continue.
We are now in the inner circle. This should be seen alongside AUKUS, the CPTTP accession, the new trade deals with Australia and New Zealand and the Hiroshima Accords with Japan as Britain’s post-EU strategic policy: in lock-step with the US, closely allied with Australia/Japan/Canada and co-operating with our European allies on trade, defence and other projects.
Tom McTague laid it out succinctly in these pages.

Last edited 11 months ago by Matt M
Andrew F
Andrew F
11 months ago
Reply to  Matt M

Exactly.
Globalisation was to detriment of the West (apart from top 10%) and with China abusing it in major way, even more so.
Do we want to commit economic and cultural and ethnic suicide?
It was really useful for the West that Xi jump his gun instead of following Xeng idea of waiting, getting stronger and then acting.

Last edited 11 months ago by Andrew F
Andrew F
Andrew F
11 months ago
Reply to  Matt M

Exactly.
Globalisation was to detriment of the West (apart from top 10%) and with China abusing it in major way, even more so.
Do we want to commit economic and cultural and ethnic suicide?
It was really useful for the West that Xi jump his gun instead of following Xeng idea of waiting, getting stronger and then acting.

Last edited 11 months ago by Andrew F
Matt M
Matt M
11 months ago

I couldn’t agree less with this article. This is a great deal for the UK. A tight core of countries – Australia, Canada, Mexico, Japan and Britain – are forming an alliance with the US to contain Chinese expansionism. Would we rather be on the inside or the outside?
The idiotic policies of the early 21st Century allowed China unfettered access to our markets which almost allowed it to surpass the USA as the largest economy in the world. It also allowed critical supply chains to be reliant on a hostile and untrustworthy regime. Complete madness! In the wake of the Chinese Covid Pandemic even the slowest of US presidents knows this can’t continue.
We are now in the inner circle. This should be seen alongside AUKUS, the CPTTP accession, the new trade deals with Australia and New Zealand and the Hiroshima Accords with Japan as Britain’s post-EU strategic policy: in lock-step with the US, closely allied with Australia/Japan/Canada and co-operating with our European allies on trade, defence and other projects.
Tom McTague laid it out succinctly in these pages.

Last edited 11 months ago by Matt M
R Wright
R Wright
11 months ago

“Of course, signing the Atlantic Declaration does not mean a secession of trade with China.”

Is that meant to be cessation?

R Wright
R Wright
11 months ago

“Of course, signing the Atlantic Declaration does not mean a secession of trade with China.”

Is that meant to be cessation?

Cathy Carron
Cathy Carron
11 months ago

Sunak didn’t have a choice. Biden gave him his walking papers and gave it a fuzzy but comfy name – the Atlantic Declaration. Much like the Inflation Reduction Act, which didn’t reduce inflation, the Atlantic Treaty was a push off.

Last edited 11 months ago by Cathy Carron
Cathy Carron
Cathy Carron
11 months ago

Sunak didn’t have a choice. Biden gave him his walking papers and gave it a fuzzy but comfy name – the Atlantic Declaration. Much like the Inflation Reduction Act, which didn’t reduce inflation, the Atlantic Treaty was a push off.

Last edited 11 months ago by Cathy Carron
j watson
j watson
11 months ago

Like he had a choice? That said the right call.
Pain though will ensue. De-risking/de-coupling from China, as US clearly expects us to move towards, will have a not insignificant adverse impact short term at least. Let’s hope we’ve learnt the lesson of not being straight with the public about the trade-offs required and how much more recent prosperity has been built on Chinese growth. One suspects Sunak is not quite ready for that and the photo-op in Oval office out well ahead of where this next takes us.

j watson
j watson
11 months ago

Like he had a choice? That said the right call.
Pain though will ensue. De-risking/de-coupling from China, as US clearly expects us to move towards, will have a not insignificant adverse impact short term at least. Let’s hope we’ve learnt the lesson of not being straight with the public about the trade-offs required and how much more recent prosperity has been built on Chinese growth. One suspects Sunak is not quite ready for that and the photo-op in Oval office out well ahead of where this next takes us.

Peter B
Peter B
11 months ago

So if we run a trade surplus with the US and a huge defecit with the EU, why wouldn’t we want to do more trade with the US ? Seems like a no-brainer to me.
Very happy if we are in the “inner circle” with US, Japan, Aus, NZ. They aren’t perfect, but we understand and can trust them far more than countries like China. And have far greater common interests.
Plan for success. Stop subsiding failure.

Frank McCusker
Frank McCusker
11 months ago

Free trade is on the way out. The earthy and salty people (such as Brexiters), god bless ’em, the real people (as they see themselves), they hate it as it is seen as a spawning ground for the hated globalist elite. Everywhere, nationalism and protectionism is on the rise. Brexit itself, which cut ties with its near neighbours on the grounds of sovereignty, is a perfect example of that trend; but Britain is far from alone in the global trend.

Liam F
Liam F
11 months ago
Reply to  Frank McCusker

Agree. I think this yearning for Free Trade Agreements is very ‘old world’ thinking now. There are really only two economic systems -America and China. You just need to choose how to utilise both to your advantage. We in the UK chose America, correctly I think.
The EU seems to see itself as an alternative to both. That will be their undoing.

Andrew F
Andrew F
11 months ago
Reply to  Frank McCusker

You forget that delusional EU still thinks that they can be the 3rd power between USA/West and China/Brics.
Sort of like non aligned movement of 60s and 70s.
There is no benefit to EU in world dominated by China.

Liam F
Liam F
11 months ago
Reply to  Frank McCusker

Agree. I think this yearning for Free Trade Agreements is very ‘old world’ thinking now. There are really only two economic systems -America and China. You just need to choose how to utilise both to your advantage. We in the UK chose America, correctly I think.
The EU seems to see itself as an alternative to both. That will be their undoing.

Andrew F
Andrew F
11 months ago
Reply to  Frank McCusker

You forget that delusional EU still thinks that they can be the 3rd power between USA/West and China/Brics.
Sort of like non aligned movement of 60s and 70s.
There is no benefit to EU in world dominated by China.

Frank McCusker
Frank McCusker
11 months ago

Free trade is on the way out. The earthy and salty people (such as Brexiters), god bless ’em, the real people (as they see themselves), they hate it as it is seen as a spawning ground for the hated globalist elite. Everywhere, nationalism and protectionism is on the rise. Brexit itself, which cut ties with its near neighbours on the grounds of sovereignty, is a perfect example of that trend; but Britain is far from alone in the global trend.