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Peter Morici: Trump should boost Boris Johnson with a quick trade deal

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Prime Minister Boris Johnson

Brexit will challenge Prime Minister Boris Johnson’s character beyond measure and President Donald Trump’s ability to accommodate new order in Europe.

The tasks for Britain fall into two buckets. Minimizing the short-term costs of leaving a customs union that integrates manufacturing supply chains across the Channel, and confronting Ireland’s expectation for an open border. Longer term those matter less than most politicians and analysts believe.

Germany and France are bent on making the divorce punishing for the U.K. to discourage Euroskeptics in Italy and elsewhere. However, the European Union’s red-line conditions would require Britain to pay a final settlement of $49 billion for past services rendered by Brussels, protect the rights of EU nationals in the U.K.

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