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Yesterday: “If they do a [Brexit] deal like that, we would be dealing with the European Union instead of dealing with the UK, so it will probably kill the deal,” he told the Sun. “I would have done it much differently. I actually told Theresa May how to do it, but she didn’t listen to me.”

Today: Trump vows 'great' trade deal with UK, abruptly changing tack on May's Brexit plan.

Yesterday: Trump hails Boris Johnson as future Prime Minister

Today: Trump said the British leader was doing a “fantastic job”, added it was up to her how to conduct Brexit, and that a free trade deal was very much on the table. Relations had never been more special, he said, and any criticism was “fake news”.

Yesterday: Donald Trump accused the London mayor, Sadiq Khan, of doing “a bad job” on terrorism and said there had been too much immigration in Europe in an incendiary interview that raised questions about the decision to invite him to Britain.

A day before the US president was due to have bilateral talks with Theresa May, Trump used an interview with the Rupert Murdoch-owned Sun to endorse her principal Tory rival just days after he resigned from the cabinet in protest at her Brexit policy.

The president – who has said he would like to see Johnson during his UK trip – added that Johnson “obviously likes me, and says very good things about me.

Trump Protest Signs and Marches

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2015 Flashback: Boris Johnson Calls Trump Insane

“Boris Johnson is a friend of mine; he’s been very, very nice to me,” Trump said, apparently having forgotten or just never heard that Johnson had denounced him as “clearly out of his mind” in late 2015 when the then-candidate for the American presidency had demanded “a total and complete shutdown of Muslims entering the United States.”

Referring to Trump’s subsequent claim that his ban was justified because immigrants had made parts of London off-limits to non-Muslims, including police officers, Johnson also said that Trump was “betraying a quite stupefying ignorance that makes him frankly unfit to hold the office of president of the United States.”

UK and US Both Have Trade Surpluses With Each Other

The Wall Street Journal reports Trump’s Criticism of May’s Brexit Plan Zeroes In on Trade Reality

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Perfect Solution

That chart hints at the perfect solution for everybody. Change the methodology such that trade surpluses and deficits cease to exist anywhere. If anyone can do that, Trump surely can.

Everyone would be happy and we could stop all of these nonsensical trade wars.

Mike "Mish" Shedlock