British lawmakers approved Prime Minister Boris Johnson’s post-Brexit trade deal with the European Union on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality.
London and Brussels face a make-or-break decision on an elusive trade agreement on Sunday with a tumultuous ‘no deal’ exit for Britain from the European Union’s orbit on December 31 looking more likely than not.
European Union negotiators have moved to “within millimetres” of the limits of their negotiating mandate at Brexit trade talks so it is up to London to compromise if a deal is to be reached, an EU diplomat said on Thursday.
The S&P 500 was little changed on Tuesday following a three-day rally as a drop in Apple shares overshadowed optimism from remarks made by US and China officials in pledging firm commitment to a Phase One trade deal.
China will boost purchases of US goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal.