A former top trade adviser to US President Trump has told the BBC “there is a level of panic” around Brexit “that is not justified”.
Another key export for the US is agricultural products, but the fact farming methods in the US don’t fall under the EU regulations has led some to worry about food standards .
Mr Vaughn emphasised that the US would like a deal to involve the expansion of farm exports, saying he doesn’t think it’s “something people should be afraid of”.
The trade expert, who now works in the private sector, also played an active role in the Trump administration’s trade war with China.
He said that a key aspect of those talks was to make sure the two sides comprehended each other: “You really just want to make sure everybody is understanding the issues and what is at stake.”
‘No yelling and screaming’
He added that the talks are very “serious” and there is no “yelling and screaming”.
Mr Vaughn stressed that the US is concerned about various Chinese practices and that it wants to see Chinese businesses become more “market-oriented”.
He went on to defend the use of tariffs against China: “You’re trying to figure out, how do you get leverage on the other people?”, he explained, adding that Mr Trump is not satisfied with the status quo he inherited.
On the impact of tariffs, he rejected the idea that the measures may be having a negative effect on US business.
“When you look at the actual data, we have by far the largest economy in the G7 and our manufacturing sector continues to grow,” he argued.
US business groups have called for a rethink on tariffs, including the National Retail Federation, which has complained about the administration “doubling down on a flawed tariff strategy”.
The former top adviser to President Trump, Gary Cohn, has also warned that the tariffs are backfiring.
Speaking in an earlier interview with the BBC, Mr Cohn criticised the approach the Trump administration is taking against China, saying: “I think everyone loses in a trade war.”
Mr Cohn, who served as director of the National Economic Council in the Trump administration, announcing he was resigning after Mr Trump decided to impose import tariffs on steel and aluminium.
Mr Vaughn became the acting USTR on Trump’s inauguration day in January 2017, staying on until Mr Lighthizer was confirmed in May 2017. He served as Mr Lighthizer’s general counsel until the end of April 2019.
Before entering the White House, he was a partner at US law firm King & Spalding, a role to which he has returned.
On his departure, a statement by Mr Lighthizer read: “Stephen has played a central role in shaping and implementing the President’s trade policies.”