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00:00:00
>> When US president, Donald Trump makes his first official visit to the United Kingdom on Thursday, he's gonna enter that country at a very awkward time. I'm Reuters' Matt Lauer
INAUDIBL
] in London, Prime Minister Theresa May has her hands full right now. Because in one hand is Brexit that's severing the country's ties to the European Union and everything that comes with it, good or bad.
00:00:22
But that has also made Britain much more dependent on its other partners for support, especially economically, so how much does Britain actually have to offer them? And that is where things with Trump get very muddy.>> Call me Mr. Brexit.>> May's administration is in chaos over Brexit, especially this week after two of her cabinet abruptly resigned over it all, there's even talk she might lose her own job.
00:00:49
Obviously, all this could complicate Trump's promise of a new, better trade deal with Britain when it officially leaves the EU next year.>> It's a very, very big deal, very powerful deal, great for both countries.>> Regardless, there's no evidence anywhere that either side has moved toward even a proof of concept.
00:01:08
And now that Trump's imposed steep import tariffs on British Steel and he's threatening similar taxes on foreign cars like Jaguar and Mini, it's looking increasingly unlikely.>> Prime Minister.>> Deep disappointment at the unjustified decision of the United States to apply tariffs to steel and aluminum imports.>> Yeah.
00:01:30
>> The economies of scale here are also in question, at $20 trillion, the US represents almost a quarter of the entire world's GDP. Britain is also really high up there, it's number 5 but only accounts for 2.9 trillion. The US takes more British products than any other country but America only sends back a small fraction of its own exports back to Britain.
00:01:56
Of course, the British-American bond does run deeper than cold, hard cash. The so-called special relationship forged in battle and pop culture dates to the turn of the last century. Trump though is all about the deal and if his presidency has any message, it's that he's not afraid to break a few eggs to make an omelet.