International Trade News

Johnson Tries ‘Trumpian Protectionism’ to Woo Labour Brexit Vote

Nov. 29, 2019, 2:07 PM

Boris Johnson’s plans for Brexit are taking a protectionist turn as he seeks to woo voters in the opposition Labour Party’s former industrial heartlands ahead of next month’s general election.

On Friday, the U.K. prime minister announced he would relax state-aid rules, give companies more protection against foreign takeovers and encourage government bodies to buy British.

The plans will likely disappoint those Conservative supporters who hoped Brexit would allow them to forge a lightly regulated economy, and could also make it harder for Johnson to sign a trade agreement with the European Union by the end of 2020. The...

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