Trump Reverses Course, Promises "Great Trade Deal" With UK

One day after telling Theresa May that her Brexit plan was incompatible with a US trade deal, Trump changed his mind.

Yesterday: “If they do a [Brexit] deal like that, we would be dealing with the European Union instead of dealing with the UK, so it will probably kill the deal,” he told the Sun. “I would have done it much differently. I actually told Theresa May how to do it, but she didn’t listen to me.”

Today: Trump vows 'great' trade deal with UK, abruptly changing tack on May's Brexit plan.

Yesterday: Trump hails Boris Johnson as future Prime Minister

Today: Trump said the British leader was doing a “fantastic job”, added it was up to her how to conduct Brexit, and that a free trade deal was very much on the table. Relations had never been more special, he said, and any criticism was “fake news”.

Yesterday: Donald Trump accused the London mayor, Sadiq Khan, of doing “a bad job” on terrorism and said there had been too much immigration in Europe in an incendiary interview that raised questions about the decision to invite him to Britain.

A day before the US president was due to have bilateral talks with Theresa May, Trump used an interview with the Rupert Murdoch-owned Sun to endorse her principal Tory rival just days after he resigned from the cabinet in protest at her Brexit policy.

The president – who has said he would like to see Johnson during his UK trip – added that Johnson “obviously likes me, and says very good things about me.

Trump Protest Signs and Marches

2015 Flashback: Boris Johnson Calls Trump Insane

“Boris Johnson is a friend of mine; he’s been very, very nice to me,” Trump said, apparently having forgotten or just never heard that Johnson had denounced him as “clearly out of his mind” in late 2015 when the then-candidate for the American presidency had demanded “a total and complete shutdown of Muslims entering the United States.”

Referring to Trump’s subsequent claim that his ban was justified because immigrants had made parts of London off-limits to non-Muslims, including police officers, Johnson also said that Trump was “betraying a quite stupefying ignorance that makes him frankly unfit to hold the office of president of the United States.”

UK and US Both Have Trade Surpluses With Each Other

The Wall Street Journal reports Trump’s Criticism of May’s Brexit Plan Zeroes In on Trade Reality

Perfect Solution

That chart hints at the perfect solution for everybody. Change the methodology such that trade surpluses and deficits cease to exist anywhere. If anyone can do that, Trump surely can.

Everyone would be happy and we could stop all of these nonsensical trade wars.

Mike "Mish" Shedlock

Comments (14)
No. 1-14

So Mish no longer cares about methodology as long as there is 'free' trade?


Once again, Trump Derangement Syndrome (TDS) cuts both ways. This is yet another example of why it's foolish to love or hate him. If he says something you find abhorrent, don't worry, he'll probably reverse himself before you can post your outrage into cyberspace.

If Trump had a "D" after his name, Fox News would advertise casual summer footwear with his name and likeness. He's way more of a flip flopper than that horse faced, upward marrying senator from MA ever was.


He didn't 'reverse course'... this was his intent all along. Trump loves to float things out there - a bit of misdirection, a little confusion, and sometimes outright contradiction. These are his tactics. He does this all the time.

I continue to be floored by otherwise intelligent observers who STILL cannot recognize/understand Trump & his style... it's all so obvious & predictable...

Step One: stop taking Trump at his word. Trump's words & declarations are fungible. Step Two: FFS, recognize the pattern/bluff... he tests the extremes w/in rhetoric, but his subsequent actions are ALWAYS toward the center. Step Three: Stop freaking out... it's completely unnecessary. Like Brexit, Trump's election has brought NONE of the dire, hyperbolic worst-case scenarios that the Chicken Little's claimed it would. He's not a monster, and he's not an idiot. In fact, he might be the best-disguised genius of our time... he's out-foxed both major political parties, the entire media complex, and he's only getting started. Luck? C'mon... time to face facts & give this guy his due.

And regarding London's protesters... middle of a weekday, dressed like Rocky Horror Picture Show... obviously NONE of these people has a decent job. 'Nuff said. Such freakshows actually hurt their cause...


Trump Balloon more grounded than our so-called-by-himself "stable genius".


Thank you for another illustration of TDS. You forgot to mention 9D chess, but otherwise the message was the same.

Interestingly, your three step process is mostly correct. Steps one and two are spot on, but step 3 is only partially right. People should stop freaking out and while he's no monster, he's certainly no savior either. Our central banking sponsored day of financial reckoning still lurks whether Trump plays his role or not. In fact, to this point Trump has shown no interest in the actions of the Federal Reserve or their investment banking cronies. There's no possibility of winning that game if he refuses to play.

Why you want to waste time being the flipside to the strange individuals shown in Latkes' picture is anyone's guess.