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Post-Brexit trade deal with US could take 10 years, Obama warns Post-Brexit trade deal with US could take 10 years, Obama warns
(about 1 hour later)
The UK could take up to 10 years to negotiate trade deals with the US if it leaves the EU, Barack Obama has said.The UK could take up to 10 years to negotiate trade deals with the US if it leaves the EU, Barack Obama has said.
In a BBC interview, the US president said: "It could be five years from now, 10 years from now before we were able to actually get something done."In a BBC interview, the US president said: "It could be five years from now, 10 years from now before we were able to actually get something done."
It came a day after he said the UK would be at "the back of the queue" for US trade deals in the case of Brexit.It came a day after he said the UK would be at "the back of the queue" for US trade deals in the case of Brexit.
Earlier, speaking in London, he urged young people to "reject pessimism and cynicism". His comments have angered campaigners for leaving the EU. Mayor of London Boris Johnson called them hypocritical.
More from President Obama's exclusive interview can be seen from 0600 BST on Sunday 24 April across BBC News outlets More from President Obama's exclusive interview can be seen from 06:00 BST on Sunday 24 April across BBC News outlets
He also visited the Globe theatre where he watched actors perform scenes from Hamlet as part of events to mark the 400th anniversary of the death of Shakespeare, and had a meeting with Labour leader Jeremy Corbyn. Mr Obama told the BBC: "The UK would not be able to negotiate something with the United States faster than the EU.
His trade deal comments on Friday angered Leave campaigners. "We wouldn't abandon our efforts to negotiate a trade deal with our largest trading partner, the European market."
UKIP leader Nigel Farage accused him of doing Downing Street's "bidding" and "talking down Britain", and Tory Liam Fox said his views were "irrelevant". Democrat US presidential candidate Hillary Clinton also made it clear she thought it would be a mistake for the UK to leave the EU.
Her senior policy adviser Jake Sullivan said: "Hillary Clinton believes that transatlantic co-operation is essential, and that co-operation is strongest when Europe is united.
"She has always valued a strong United Kingdom in a strong EU. And she values a strong British voice in the EU."
The Vote Leave campaign said Ms Clinton's comments were "hollow" as "Hillary isn't standing on a ticket of handing power over America's borders, economy and trade policy to a foreign power".
But a Downing Street source said: "We should listen to our closest friends and allies.
"Hillary Clinton and Barack Obama have been absolutely clear - we're safer, stronger and better off remaining in a reformed EU."
The UK's referendum on whether the UK should stay in the European or leave will take place on 23 June.The UK's referendum on whether the UK should stay in the European or leave will take place on 23 June.
Taking questions from young people at Lindley Hall in London, Mr Obama said: "If any of you begin to work on an issue that you care deeply about, don't be disappointed if a year out things haven't been completely solved. On Friday, UKIP leader Nigel Farage accused Mr Obama of doing Downing Street's "bidding" and "talking down Britain", and Tory Liam Fox said his views were "irrelevant".
"Don't give up and succumb to cynicism if after five years poverty has not been eradicated and we haven't resolved all of the steps we need to take to reverse climate change." Mr Johnson said the UK could be in a more favourable position to strike a trade deal with the US if it left the EU.
Progress is "not inevitable" but must be fought for over the long term. "I've got great respect for President Obama and the office of the American president," he said. "I was one of the first to say how wonderful it would be if he became president.
Mr Obama said it was "inspiring" meeting young people, who gave him "new ideas". "But I think a lot of people in this country will think 'give me a break folks'.
Asked about security and attitudes to Muslims, he said keeping people safe and preventing terrorist attacks in the US and UK was "one of our biggest challenges". "We haven't had a trade deal with America for 43 years. Why not? Do you know why not? Because we're in the European Union."
Mr Obama also praised Prime Minister David Cameron for being "ahead of the curve" on LGBT rights issues. Mr Obama is pushing hard for a proposed Transatlantic Trade and Investment Partnership (TTIP) deal.
Asked about his legacy as president, Mr Obama said he would not have a sense until 10 years from now. TTIP is primarily a deal to cut tariffs and regulatory barriers to trade between the US and EU countries.
He mentioned changes he had made to the US healthcare system: "That's something I'm proud of. And saving the world economy from a great depression, that was pretty good." Mr Obama says it would create millions of jobs and increase trade by lowering tariffs.
Asked about skills in dealing with political opponents and finding middle ground, Mr Obama said: "If you spend time with people who just agree with you, you become even more extreme in your convictions." But opponents say the deal would drive down wages, and weaken environmental protection and labour rights.
The negotiations were launched three years ago, and the next round is due to open on Monday in New York.
Mr Obama is on a three-day visit to the UK with his wife Michelle - his final trip to Britain as US president.
The couple visited the Queen at Windsor Castle the day after the monarch's 90th birthday, and Mr Obama had talks with Prime Minister David Cameron.
On Saturday, Mr Obama visited the Globe theatre where he watched actors perform scenes from Hamlet as part of events to mark the 400th anniversary of the death of Shakespeare.
He had a meeting with Labour leader Jeremy Corbyn and played golf with Mr Cameron.
Speaking in London, he urged young people to "reject pessimism and cynicism" and "know that progress is possible and problems can be solved".