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Top Economist Says Trade Talks With Trump ‘Waste of Time’

Posted December 01, 2017

Under Economic Issues, International Trade Issues

(BBC News)

It would be a “waste of time” for the UK to try to negotiate a trade deal with the US, Nobel Prize-winning economist Joseph Stiglitz has told the BBC.

Mr Stiglitz said the UK should not use its “scarce resources” chasing a post-Brexit agreement.

President Donald Trump has previously said he was working on a “major trade deal” with the UK. But Mr Stiglitz said the UK should not trust the President over trade talks.

Speaking to Today on BBC Radio 4, Mr Stiglitz, who is also a former World Bank chief economist, said he thought Mr Trump would “talk about making a deal”.

He questioned whether anything Mr Trump negotiated would have “much support in Congress”. Click here to read more.