Daily Memo: Danger Abounds for May, Abe, North Korea Talks, and Iraqi Oil

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GPF Staff |July 13, 2018

The Brexit drama has entered its latest, but almost certainly not its final, act. British Prime Minister Theresa May was already in a precarious position with her “soft” Brexit plan, which turned hardline Brexiteers from her own party against her and cast doubt on the sustainability of her government. Now, U.S. President Donald Trump has joined the fray. In an interview with The Sun, a British tabloid, Trump said her plan would likely kill any chance for a trade deal with the U.S. Importantly, the U.K. cannot strike its own trade deals if it remains in the EU customs union, and the plan outlined in a white paper released by May’s government on Friday twists itself into knots trying to leave the U.K.’s options open. The fact remains the EU and the U.K. need each other, even if neither can agree on how to split up. But the U.K. also needs the U.S., and its relationship with Washington becomes all the more important if London and Brussels can’t finalize a deal before the Brexit

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