On Wednesday, the UK government released the domestic market bill, which it claims is designed to ensure that in the event of a no-deal Brexit, trade between the UK̵
The legislation, if converted into law by an act of Parliament, would effectively overwrite elements of the Brexit deal that British Prime Minister Boris Johnson signed with London last year. Specifically, it would undermine a part of the agreement known as the Northern Ireland Protocol, which exists to eliminate the need for a rigid border between Northern Ireland and the Republic of Ireland, in accordance with the Good Friday Agreement. of 1998.
Pelosi’s statement will be a major blow to the UK as several major Brexiteers have said the ability to sign international trade agreements will be the most obvious result of leaving the European Union. As a member state and part of the EU single market and customs union, the UK could not negotiate its own trade agreements and was instead represented at the World Trade Organization by an EU delegate.
A trade deal with the United States has repeatedly been described as the most important of these, given the size of the U.S. economy, the historic relationship between Britain and the United States, and the fact that the United States is the Kingdom’s largest trading partner. United, despite the two having no formal trade agreement.