potential-costs

U.S.-UK alliance seen outweighing Brexit trade concerns

The United States looks unlikely to follow through on a threat to relegate Britain to second-class trade status once its ally leaves the European Union, as it weighs the potential costs of undermining the countries' close diplomatic and military ties. President Barack Obama had warned ahead of Thursday's “Brexit” referendum that Britain would move to the back of the queue on U.S. trade priorities if it voted to leave the bloc, well behind…

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U.S.-UK alliance seen outweighing Brexit trade concerns