American reactions always matter to the British. But transatlantic views of Brexit are especially important for Thatcherite Conservative members of the Leave camp, who made a series of bold promises about how the British would be welcomed into the embrace of an Anglo-Saxon alliance of countries that speak English, take their democratic cues from the Magna Carta, their views of free trade from Adam Smith and would generally rush to offer an attractive free trade agreement to the post-EU Britain in the twinkling of an eye.
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So will those Brexiteers cheques now be swiftly and easily cashed? The question is somewhat similar to the larger question of Britains future trade relations with the EU. The great claim by Brexiteers is that because Britain buys more from Europe than vice versa, economic rationality means that a future British government will easily secure a deal that avoids almost all barriers to trade while at the same time allowing British firms to avoid costly and onerous EU regulations and permits British labour markets to be sealed to EU workers at will.
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This claim suffers from a couple of problems, starting with relative scale... Britain is a hefty country by European standards, to be sure, but some 45% of its exports go to the rest of Europe, while about 7% of other EU countries total exports are bought by Britain.
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Brexiteers are never happier than when thundering about their own countrys proud sovereignty, their desire to see British interests put first, and the noble willingness of a democratic people to resist bullying by experts and big businessmen and other bullies when their dignity and democratic rights are at stake.
But here is the hitch. Those same Brexiteers are startlingly incurious about what foreigners think and feel, and disdainfully sure that they either love Britain enough to do as requested (cf the cheques written on Americas account) or will submit to bullying by big boys (cf those predictions that BMW will tell Europeans what to do).
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To focus on America, it is possible to think that removing all remaining trade barriers with Britain is a splendid idea, and to believeas Mr Obama suggestedthat asking for a new bilateral trade deal now shows quite shockingly bad timing.
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If Mr Ryan is still Speaker in January or Senator Mitch McConnell of Kentucky is still Republican leader in the Senate, do they imagine that their hearts would soar at being asked, as a first order of business, to get a free trade pact through the next Congress? And if Democrats are in charge in Congress, do Brexiteers think it would be any different?