READY.
WE ARE BUT THEY WOULD BE THE
TRADE SECOND DR. LIAM FOX GOOD
>> GOOD MORNING.
MEETING TODAY WITH MR. JUNCKER
AND PRESIDENT TRUMP.
>> WE LIKE DEESCALATION OF THE
BUT IT IS BRITAIN STILL IN
EUROPEAN UNION, OF COURSE,
WOULD WE FOLLOW POLICY MY
VISIT IS LOOKING AT WHAT WE DO
AS YOU CORRECTLY SAY POST EXIT
FROM EUROPEAN UNION AND WHEN
YOU LOOK AT OUR RELATIONSHIP
WITH UNITED STATES, WE HAVE A
TRILLION DOLLARS INVESTS IN
ONE ANOTHER'S ACADEMIES U.DK
COMPANIES BY MILLION AMERICAN
WORKERS HERE, U.S. COMPANIES
BY MILLION UK WORKERS IN UK
HOW DO WE TAKE THAT
RELATIONSHIP ON TRADE AND
INVESTMENT TO THE WORLD'S TOP
INNOVATIVE DEVELOPED ECONOMIES
HOW DO WE SHAPE INTO GLOBAL
ECONOMY IN FUTURE THE
CHALLENGE REAL OPPORTUNITY
THAT ACQUIESCE AS WE LEAVE
EUROPEAN UNION.
>> I KNOW PRESIDENT TRUMP
THERESA MAY WANT TO MAKE
SOMETHING WORK YOU ARE IN
UK LEAVES THE EU YOU ARE ALSO
GETTING THE PULSE OF THE
BRITISH PEOPLE ON THIS ISSUE,
WHY DO YOU SEE THAT THAT IS
ONE OF THE KEY ELEMENTS HERE?
>> IS THIS WELL, WE KNOW FROM
RECENT POLLING, THAT WELL OVER
WITH UNITED STATES, THEY SEE
THE UNITED STATES, AS FAR AND
AWAY MOST IMPORTANT ALLY, AND
HERE I THINK THE RUB, THAT NOT
JUST ABOUT YOU KNOW WHETHER WE
CAN GET AN EXTRA HALF PERCENT
ON EXPORTS OR WHATEVER, THERE
IS A STRATEGIC ELEMENT, TO OUR
TRADING RELATIONSHIP, GLOBAL
THAT BELIEVE HAVE LONG
BELIEVED, IN AN OPEN GLOBAL
TRADING SYSTEM WE HELPED SET
UP WHAT IS THE WORLD TRADE
ORGANIZATION, BUT IF WE ARE
GOING TO HAVE A FREE TRADE
MARKET ECONOMIES ALTHOUGH WE
HAVE DIFFERENCES OVER TWO, FOR
EXAMPLE, FOR DEALING, WITH
PROBLEM WE ACCEPT THAT THERE
IS A PROBLEM WITH FORCED
TRANSFER OF TECHNOLOGY THERE
IS A PROBLEM WITH LACK OF
MARKET ACCESS PARTICULARLY IN
THE SERVICE SECTOR THESE
YOUR TIME LINE IN TERMS OF
BRITAIN LEAVING THE EU AND
THEN DOING A DEAL WITH THE
U.S. ON TRADE.
WHAT IS THE NEXT YEAR AND A
HALF LOOK LIKE?
FORMALLY ON 29th MARCH NEXT
YEAR WE ARE ABLE TO NEGOTIATE
A TRADE AGREEMENTS FOR
OURSELVES, KNOWING THAT
TIMETABLE, IF YOU READ IT
BACKWARDS, U.S. TR HAS TO GET
CONGRESS 90 AS THE' NOTICE
THAT MEANS IT HAS TO BE DONE
OUR DISCUSSION OF A MANDATE HE
INTERNALLY BY END OF OCTOBER
THAT MEANS WE HAVE TO BEGIN
OUR PUBLIC CONSULTATION, ON
POTENTIAL FREE TRADE AGREEMENT
LAST WEEK WHEN WE DID LAST
FRIDAY IN UK WE HAVE BEGUN
PUBLIC CONSULTATION FOR 14
WEEKS WE WILL TAKE A LOOK AT
THAT DECIDE WHAT WE THINK THE
HE LEVEL ADMISSION SHOW BE
WHAT IT IS GOING TO BE AGAINST
WHETHER THEY WANT A PEOPLE'S
BREXIT OR A BUREAUCRATS BREXIT
PROSPERITY ECONOMIES OF EUROPE
OR ABOUT POLITICAL THEOLOGY OF
THE COMMISSION.
>> PRESIDENT HAS BEEN TWEETING
ABOUT THIS AN HOUR AGO SAID
NEGOTIATIONS, IT WILL ONLY
TAKE LONGER TO MAKE A DEAL AND
THE DEAL WILL NEVER BE AS GOOD
AS ITS COULD HAVE BEEN WITH
UNITY NEGOTIATIONS GOING PEL
BE COOL END RESULTS LEGAL
WORTH IT DR. FOX WHAT WOULD BE
THE BEST END RESULT IN YOUR
OPINION?
>> WELL WE WOULD LIKE TO SEE
COMPREHENSIVE FREE TRADE
AGREEMENT WITH THE UNITED
STATES, WE HAVE BEGUN
DISCUSSIONS ALSO WITH THE
AUSTRALIA AND NEW ZEALAND AND
FOR UK TO EXCEED TO THE
CPTPP AGREEMENT WE BELIEVE WE
NEED GLOBAL TRADE
PERSPECTIVE AS WE LEAVE
EUROPEAN UNION WE WANT TO MAKE
IT CLEAR WE ARE WITH OUTWARD
LOOKING OPEN FREE TRADING
COUNTRY WE ARE LOOKING TO HAVE
AGREEMENTS WITH COUNTRIES THAT
SHARE OUR STRATEGIC VISION.
MARIA: SO WOULD BRITAIN AGREE
TO NO TARIFFS NO SUBSIDIES AS
PRESIDENT TRUMP SUGGESTED?
>> WELL, WE WOULD HAVE AN
ABILITY TO TO DO THAT WHEN WE
DON'T THE PRESENT TIME CAR
TARIFFS A DIFFERENTIAL BETWEEN
TARIFFS APPLIED TO EUROPEAN
CARS COMING TO THE STATES, AND
AMERICAN CARS COMING TO
EUROPE, WE WOULD HAVE ABILITY
TO TO UNILATERALLY MAKE THAT
CHOICE FOR OURSELVES, OF
COURSE, IT WOULD BE DEPENDENT
OWN U.S. MAKING ITS OWN
ADJUSTMENTS TO TARIFFS ON
THINGS LIKE LIGHTS TRUCKS WE
PAY 25% TARIFF COMING INTO
U.S. THAT IS AGREEMENTS, RIPE
IF WE ARE ABLE TO REACH A
POSITION THAT IS OF MUTUAL
ADVANTAGE SPEAKING AT HERITAGE
FOUNDATION THIS MORNING
POINTING OUT FROM ADAM
SUBMITTING ONWARDS POINT IS
LIBERATE BROOIZ GLOBAL TRADING
SPRIERM HELPS WRITE RULES FOR
THAT GLOBAL ECONOMY IN THE
NEUTER NOT JUST ECONOMIC BUT
STRATEGIC GAIN FOR BOTH EVERY
JUICE THAT STRATEGICALLY GAIN
HOPEFULING COMES AT SOME POINT
SOON SOONER RATHER THAN LATER
WE ARE IN A PERIOD RIGHT NOW
UNCERTAINTY, WHERE WE ARE NOT
SURE WHERE THIS GOES, YOU HAVE
GOT A HANDFUL OF COMPANIES
THIS MORNING, WHETHER THEY
GIVE GUIDANCE SAYING WELL WE
ARE EXPECTING HIGHER
COMMODITIES EXPENSES, YOU KNOW
WE'RE NOT SURE WHERE TRADE
PERIOD HAVE DO YOU THINK, IN
THE BROAD ECONOMIC GROWTH
STORY?
>> -- I WISH I HAD A DOLLAR
FOR EVERY TIME I HAVE DONE AN
INTERVIEW PEOPLE HAVE SAID IT
IS VERY UNCERTAIN PERIOD I
MUST ADMIT PERIOD OF
UNCERTAINTY
UNCERTAINT
CECERTAINT
CERTRTAINT
CERTAIAINT
CERTAINTNT
CERTAINTYT
PAST US THERE ARE POTENTIAL
DISRUPTIONS OUT THERE PROBLEMS
INSIDE EUROPEAN UNION TENSIONS
WITH NEW I TALL LAN GOVERNMENT
WIDER ISSUE WHAT IS HAPPENING
IN GLOBAL TARIFFS THAT ALL
NEEDS TO BE INVOLVED, I THINK
THAT THE BEST WAY TO LOOK AT
THAT RESULT OF BACK TO FIRST
PRINCIPLES, RECOGNIZE THAT
HAVING AN OPEN TRADING SYSTEM,
PEOPLE OUT O
PEOPLE OUT F
PEOPLE OUTOF
PEOPLE OUTOF A
PEOPLE OUTOF ABJ
PEOPLE OUTOF ABJECT P
PEOPLE OUTOF ABJECT POV
PEOPLE OUTOF ABJECT POVER
PEOPLE OUTOF ABJECT POVERTY
BUT A MEANS TO SPREADING
PROSPERITY PROVIDES A
POLITICOHESION POLITICAL
LIKE UNITED STATES AND UK, WHO
HAVE AL HAD THE STRONG BELIEF
IS ACTUALLY IN THE END, A
MEANS OF UNDERPINNING OUR
SECURITY AND STABILITY, WE
NEED TO GET THOSE GOOMTHS OUT
NEED TO GET THOSE GOOMTHS OU
ARGUMENTS OUT THERE MAKE THEM
MORE WIDELY THAN IN FACT PAST.
>> WHAT DO YOU THINK
MR. JUNCKER WANTS FROM THE
PRESIDENT TODAY.
>> THAT IS UNCLEAR, I HAVE NOT
BEEN PARTY TO THOSE
DISCUSSIONS.
CLEARLY, THERE WANT TO SEE
DE-ESCALATION OF THE TARIFF
OPINION ACROSS EUROPE AND
BETWEEN EUROPE AND UNITED
STATES NOT IMMEDIATELY
APPARENT TO SEE HOW THAT CAN
BE DONE BUT CERTAINLY TRUE,
THAT IT IS IN THE INTERESTS OF
ALL OF US, AND TO DE-ESCALATE
TURN THE TENSION IN INTERESTS
OF ALL OF US TO MOVE BY WHAT
EVERYBODY MEANS TO MORE OPEN
FREE LIBERAL TRADING
OF THOSE ACADEMIES THAT ARE
THE MORE INNOVATIVE AND
CREATIVE WOULD I SAY PLAYS
EXTREMELY WELL TO NATURAL
STRENGTHS OF THE U.S. AND
UNITED KINGDOM.
>> MR. FOX DO YOU THINK YOU
WILL BE ABLE TO DO IN UK A
DEAL WITH THE EUROPEAN UNION
POST-BREXIT
POST-BREXI
POST-BREXIT.
>> WELL WE THINK THAT WE HAVE
MADE A REASONABLE OFFICER TO
EUROPEAN UNION, AND IT WILL
REALLY BE DETERMINED NOW, BY
WHETHER THE DECISION ITSELF IS
MADE BY THE EUROPEAN
COMMISSION AND BUREAUCRATS IN
BRUSSELS OR WHETHER MADE BY
LEADERS OF THE EU 27 LET'S
FACE IT UNLIKE THE COMMISSION
NEED TO HAVE TRADE AND
PROSPERITY AND JOBS BECAUSE
THEY HAVE TO BE REELECTED, SO
IF THERE IS GOING TO BE AS I
SAY PEOPLE'S BREXIT OR
BUREAUCRATS BREKSZIT THE
CHOICE EUROPE HAS TO MAKE.