President Trump Concerned that Brexit May Trigger U.S. Job Losses

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Meeting among EU Leaders Has Trump Going Back on Brexit

President Donald Trump is said to have expressed concern that Brexit may cost American jobs during a meeting with European Union leaders.

Trump had formerly been an ardent supporter of Brexit, calling it “beautiful” and offering to strike an immediate free trade agreement with the UK when it exists the economic partnership.

Recently, the president appears to be singing a different tune, as reports are coming in that Trump now worries that Brexit may cost the U.S. jobs, and therefore has become more lukewarm on the issue.

It’s also been reported that Trump tried repeatedly to strike up a trade deal, or at least begin talks, when German Chancellor Angela Merkel visited last month. Sources say that Merkel rebuffed Trump several times, saying that he cannot create a free trade agreement with Germany alone, only with Europe. The report goes on to say that the president relented and warmed to the idea of an agreement with the EU.

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While Trump’s specific views on Brexit may be a little muddied at the moment, what is certain is that Brexit is proceeding. If Trump’s fears turn out to be warranted, then Americans could be at risk of losing jobs as Britain exits the EU.

The U.K.’s EU referendum is often linked to Trump due to both politician and the movement share similar values and tapped into a populist, nationalist sentiment.

Both Trump and Brexit rode to victory by espousing anti-immigrant and nationalist views. As such, the two made likely allies, as Brexit supporters were often seen championing Trump and vice versa.

Reports have not included which industries Trump fears may be hurt by the coming Brexit, only that he believes that American jobs may be at risk as a result of the British departure.

The U.K. will be the first nation to leave the EU since its inception. Other countries are expected to either hold referendums or see an increase in parties promising to remove their country from the union.

France’s recent federal election was an example of a pro-EU, pro-Euro, pro-globalist candidate facing off against a populist, nationalist opponent. Centrist Emmanuel Macron emerged victorious, boding well for the nation’s future in the EU, while his opponent, Marine Le Pen, suffered one of the worst defeats in French electoral history.

Still, anti-EU sentiment has not been totally diffused in Europe, and damage to the EU could spill over to the U.S., as they share a very tight economic bond.

Sources:

Trump ‘worried about Brexit impact on US jobs‘,” The Guardian, May 25, 2017.

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