Nobel winner Joseph Stiglitz claims Uk trade talks with Trump ‘a waste of time’

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British Key Minister Theresa May meets U.S President Donald Trump during the G20 summit on July 8, 2017 in Hamburg, Germany.

The Nobel Prize-winning economist Joseph Stiglitz has explained it would be a “squander of time” for the U.K. to negotiate a trade deal with U.S. President Donald Trump.

Stiglitz mentioned in an job interview with the BBC that the U.K. could not set religion in a deal with Trump.

“No, I think it would be a waste of time to commence negotiations with him,” he claimed. “If you appear at what he has been placing forward as a negotiating placement in the Nafta discussions you get a experience of how substantially of a waste of a time it would be.”

Stiglitz explained that Downing Street ought to emphasis its attempts instead on the submit-Brexit deal with Europe.

“Offered the hurdles that the U.K. has in negotiating with the EU… I feel it would be just a waste of time for you to use your scarce methods to attempt to have a trade offer with the United States,” he added.

The U.S. is the U.K.’s next-most significant trading partner outside the house of the EU, importing around 20 per cent of all Britain’s products and expert services.

In July, Worldwide Trade Secretary Liam Fox fulfilled with U.S. Commerce Secretary Wilbur Ross to discuss potential clients of a bilateral trade deal.