Dear President Trump
I congratulate you on your installation as President. Your vision to create more jobs, revitalise US infrastructure, boost US take home pay and inject more life into US economic leadership is a bold one. We in the UK are also embarked on a similar task as we leave the EU. We too need to build more roads, railways, bridges, energy plants and water supply facilities. We too need to make more things for ourselves and import less to narrow our trade gap. Our two countries can indeed trade with each other more, as ours is a fair trade with a reasonable balance of imports and exports for each party.
Your proposals to produce more realistically priced energy will help restore your manufactures. Cheap energy is a vital part of a flourishing industry. Your plans to cut corporate and individual tax rates will energise entrepreneurs, spawn more investments, and allow people to keep and spend more of their earnings. That in turn creates demand which generates more jobs. The USA in recent years has pioneered much of the digital revolution and has done well in creating more companies and jobs in technology, but has suffered from Chinese, German and Mexican imports of industrial goods which could have been made more extensively in the USA. Tax reform, cheaper energy, a better regulatory climate and a President who supports manufacturing will make a difference.
Both the USA and the UK could benefit from an early free trade agreement between our own two countries. Fair trade which results in a sensible balance between the trading parties can enrich and enhance both sides. If our two countries draw one up and sign it, it will show the world that the USA is not afraid of fair trade, and it will put more weight behind the UK’s intention to be an even more successful world trading nation open for business globally.
I was pleased to read you are planning a summit in due course with Mr Putin. The West has made mistakes in recent years with its military interventions in the Middle East. Some carefully planned joint working with Russia which also has a presence and diplomatic interests there might help achieve the important but more limited objective you have set in combatting ISIS. Past policy has suffered from conflicting and ambitious aims which have resulted in all too many civil and religious wars in the region.
The UK and the US can make common cause to strengthen NATO for our mutual defence. As one of the few countries that does hit the minimum 2% GDP target for defence spending, the UK is a natural ally in your campaign to get all NATO members to spend at least the minimum. If I tried only paying a portion of the insurance premium I owe to insure my home the insurance company would cancel the cover. Why are countries that want their allies support any different if there is a minimum? The EU does not allow its members to pay a lower subscription, and none of our EU friends short change the Commission.
I am pleased our Prime Minister will visit on Friday. There is plenty of scope to increase our joint working on intelligence, defence, trade, economic policy and general foreign policy. I wish you every success in tackling the problems in the USA that you have identified.