UK too desperate to secure US trade deal, says Clinton’s treasury secretary

Britain in weak negotiating position despite Trump’s warm words, says Larry Summers

The former US treasury secretary Larry Summers has said he does not believe that a “desperate” UK would manage to secure a post-Brexit trade deal with Washington, as Dominic Raab, the new foreign secretary, heads to the US to scope out the potential for such an agreement.

Summers, who was a senior official under Bill Clinton and Barack Obama, said the UK was in a weak position when it came to negotiating with trade partners.

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