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Katie Couric

UK 'Leave' vote deflates hopes for U.S.-EU trade deal
[By David Lawder]
June 24, 2016
Protesters depicting Statue of Liberty and Europa on the bull take part in a demonstration against TTIP free trade agreement ahead of U.S. President Obama's visit in Hannover, Germany April 23, 2016.
Protesters depicting Statue of Liberty (L) and Europa on the bull take part in a demonstration against Transatlantic Trade and Investment Partnership (TTIP) free trade agreement ahead of U.S. President Barack Obama's visit in Hannover, Germany April 23, 2016. REUTERS/Kai Pfaffenbach

By David Lawder

WASHINGTON (Reuters) - Britain's looming exit from the European Union is another huge setback for negotiations on a massive U.S.-EU free trade deal that were already stalled by deeply entrenched differences and growing anti-trade sentiment on both sides of the Atlantic.

The historic divorce launched by Thursday's vote will almost certainly further delay substantial progress in the Transatlantic Trade and Investment Partnership (TTIP) talks as the remaining 27 EU states sort out their own new relationship with Britain, trade experts said on Friday.

With French and German officials increasingly voicing skepticism about TTIP's chances for success, the United Kingdom's departure from the deal could sink hopes of a deal before President Barack Obama leaves office in January.

"This is yet another reason why TTIP will likely be postponed," said Heather Conley, European program director at the Center for Strategic and International Studies, a think tank in Washington.

https://www.yahoo.com/news/uk-leave-final-nail-coffin-stalled-u-eu-152656905--sector.html?ref=gs