Current British Prime Minister Boris Johnson (L) and US President Donald Trump met on September 18, 2017 at United Nations Headquarters in New York.
Brendan Smialowski | AFP | Getty Images
When some of the world's most powerful leaders meet this weekend at the Group of the Seven (G-7) summit in France, the focus will be on how well (or poorly) they feel about the Understand background of widespread disagreements and different strategies regarding global trade and geopolitics.
Prime Minister Boris Johnson will be in the limelight as the Biarritz meeting will be the first one he has participated in since becoming the British Prime Minister in July. The Summit takes place at a delicate and precarious time for the UK as the relationship with its nearest neighbor, Europe, shifts segregated with Brexit and the US is looking for closer trade relations.
At the G-7, Johnson will personally notice with the heads of state and government of France, Germany and Italy, who, together with the other 27 EU countries, have basically informed him that the Brexit deal he has received from his predecessor Theresa May has inherited, the only one is He is on offer and can not be changed.
He will also meet with President Donald Trump, one of the most controversial leaders who has been representing the US for years at the G7, to discuss a possible post-Brexit trade agreement.
] All in all, the UK is in a difficult position ̵
Trump has signaled that Europe may be the next target, which he regards as unfair global trade practices against the US In May, he accused the EU of treating the US "worse than China" and threatened its auto industry with one inch of 25%.
So low It is expected that the leaders of the United States, the United Kingdom, Canada, France, Germany, Italy and Japan will make significant agreements stating that French President Emmanuel Macron, who hosted the event, will not finalize Communication on possible joint commitments will arrive at the summit.
G-7 is a "test" for Boris Johnson.
Johnson will face a difficult position at the G-7 summit in the face of strained relations between Europe and Trump. Kallum Pickering, senior British economist at Berenberg Bank, said Johnson must be diplomatic.
"Throughout history, the most successful British Prime Ministers – Thatcher, Blair, Churchill (in no particular order) – could simultaneously woo both the US and the continental powers to gain an advantage for the UK," he told CNBC Thursday.
"Politics is far too chaotic to give a precise prognosis on how relations between the UK and the EU or between Britain and the US, and of course between the US and the EU, will develop in the coming months / years. Given the particular circumstances (as the United Kingdom states) even in), this will be a good test for Johnson. "
Trump campaigned for Johnson to lead the ruling Conservative Party in Britain and various media reports suggest that the President Johnson wants to meet other leaders before the G-7. In fact, the British newspaper Times reported in early August that Trump wanted to meet Johnson before other European heads of state sent a "signal" to them.
Johnson could also use Trump's support to his own advantage to Tom Raines, head of the Europe program at London-based think tank Chatham House. "The summit is an opportunity to become prime minister and Johnson will probably see it as a chance to present a more energetic Britain on the world stage," Raines told CNBC on Tuesday.
"He could also try to use his obvious relationship with Trump to highlight the potential for a Brexit deal between the UK and the US and reaffirm his approach to negotiating Brexit Europeans do not help much, "remarked Raines.
Despite Johnson's alleged closeness to Trump and the surprising similarities between the two men, he is still ideologically closer to his European counterparts. Recent geopolitical events and disagreements, for example on the international nuclear deal with Iran, have brought the British side closer to their nearest neighbors than to the US.
"By the time it leaves the EU, it is much closer to the European position than to the Trump administration on most important issues: climate change, international trade, Iran deal … It's an awkward position for the EU Britain – trapped between a more one-sided America and the EU that's trying to leave, "Raines said.
US-UK trade agreement
Britain relies on international trade agreements after it has left economic protection (and restriction) that EU membership could afford it. Trump promised the United Kingdom a "phenomenal" trade agreement during a state visit in June.
However, all observers should closely monitor Trump's "America First" approach, knowing that he is doing a tough business and that Britain may benefit less from it than his more powerful ally.
Freddie Lait, CIO at Latitude Investment Management, told CNBC on Thursday that the G-7 Johnson offered the opportunity to continue the UK-requested trade deal after Brexit, which could help ease fears about Britain's future trade relations outside to disperse the EU.
"We do not know what a future US trade agreement will look like, but I think it would certainly make it really push us, we could close trade deals worldwide – that's the whole story of Brexit – we'll wait and see whether they bear fruit, "he said to CNBC's" Squawk Box Europe ".
"If we were to quickly conclude a trade agreement with our largest other trading partner and the world's largest economy, we would benefit from it." A lot of pride, and I think that would be very positive for the political situation, positive for animal spirits and if that real economic relationships are less relevant than the step forward, "he said.