Barack Obama warned UK about going to the back of the trade queue if they left the EU, but now the UK has a major trade deal with the US, showing up at the front of the line. Trump's administration reached a breakthrough trade deal with the UK, the first major bilateral trade agreement of his second term.
Key Points
Brexit allowed the UK to negotiate its own trade agreements
The deal with the US is seen as a model for future agreements with other allies
Pros
UK secured a major trade deal with the US
Deal cuts non-tariff barriers on U.S. agricultural exports
Reduces duties on British auto and aerospace products
Deepens alignment on critical technology and supply chain security
Cons
Obama's warning of being at the back of the trade queue did not come true