There is no great inbalance in trade between the UK and the US - imports/ exports have been running fairly equally at around $57 / $58 bn annually. The web has even opened up a direct retail link across the Atlantic; the magic of Paypal and intense competition in postal / courier costs. Far more significant is direct investment in eachother's economies by the global corporates; a million workers in the US are employed by UK-HQ global corporates, and a million in the UK by US-HQ global corporates. It is this relationship, together with the advantages that TTIP will give the big global players over the small, local players, that is driving US corporate scare-mongering over British exit. We are, as we have long been, an aircraft carrier moored off mainland Europe that is useful for establishing global trade hegemony.
Remember, the louder that the US howls that leaving the EU will be bad for the UK, the more you can be sure that it will be good for the UK but bad for US trade interests. It is even more absurd that the US would not conclude a trade deal with the UK, the world's fifth largest economy, when China are more than eager to replace any reduction in US-UK trade. They are currently about equal, each having about 8% of our import value.
The Telegraph's Matthew Holehouse in Brussels may be gulled by US trade bod Michael Froman's briefing but remember that this is the paper that employs Con Coughlin - renowned throughout Fleet Street for credulity and gullibility. Froman has also done well from his relationship with the global corporates - half a million dollars hidden in a secret Cayman Islands account was found at his appointment hearing.
So take comfort from Holehouse's daft panic and Froman's lunatic threats - they mean the UK will do well from EU exit.
My oh my! The Septics are ramping up the scare stories - Using the Telegraph again to channel the spin from tame US ratings agency S&P that claims 'UK could have AAA status downgraded if it leaves EU'. What wonderful prescience! And how kind of them to warn us of the danger! To know exactly what the UK's rating will be in four years time, what the ratings of the other EU nations will be and what America's own rating will be! Why oh why didn't we follow the sage advice of these prophets in 2008? Um ... oh. You mean it was the same S&P that rated Fannie Mae and Freddie Mac, US junk mortgage lenders, as financially sound just before they both collapsed, triggering the great plunge?
Perhaps we should treat S&P's Cassandra warning as just more lying politically motivated hype from across the pond from the US global corporates as that above. Get ready for more crap as the referendum nears - and remember, the louder they whine, the more the UK will benefit from Exit.