by Mike ‘Mish’ Shedlock
Both sides are talking again. That makes a deal more likely.
Negotiators Continue Talks
Despite threats from both sides to walk away from a deal, Brexit Talks Continue for Another Week.
Intensive and secretive, the talks are a final bid to seal a new partnership agreement for when Britain’s transition out of the European Union runs its course at the end of this year.
If the sides overcome their differences, the new deal would govern everything from trade and energy to transport and fisheries. If they fail, an estimated $900 billion of annual bilateral trade in goods and services would be damaged from Jan.1 by tariffs and quotas.