EU's Tusk Warns May: Trade After Brexit Will Come With `Friction'

The transcript discusses the EU's draft withdrawal agreement and the UK's red lines, including no customs union and single market. It highlights the potential consequences, such as a hard border in Ireland, and the EU's proposal to prevent it. The future UK-EU relationship and trade implications are also addressed, emphasizing that frictionless trade is not possible outside the customs union and single market.

What was Michel Barnier's role in the context of the Brexit withdrawal agreement?

• He published the draft withdrawal agreement.

• He opposed the draft agreement.

• He negotiated the UK's red lines.

• He was a member of the UK government.

What are the UK's red lines as confirmed recently?

• Establishing a hard border in Ireland

• No customs union and no single market

• Accepting all EU regulations

• Joining the customs union and single market

What is the EU's proposal to prevent a hard border on the island of Ireland?

• Establishing a common regulatory area

• Ignoring the UK's red lines

• Implementing a digital border

• Creating a new customs union

How will the UK's red lines affect future relationships with the EU?

• They will lead to immediate trade agreements.

• They will have no impact.

• They will determine the shape of future relationships.

• They will strengthen the EU-UK bond.

What is an inevitable consequence of Brexit according to the speaker?

• Frictionless trade

• Increased EU membership

• Trade friction

• Immediate economic growth