The risk of a no-deal Brexit brings with it the opportunity of signing short-term trade deals. U.S. National Security Advisor John Bolton has held out the possibility of a “sector by sector” trade deal built “in a modular fashion” shortly after the U.K. leaves the EU. The automotive sector may benefit in particular given the U.S. is considering new tariffs under the section 232 process as soon as November. British exports of autos globally fell 14.4% year over year in 2Q and by 9.3% over the past 12 months. Exports to the U.S. did better than average, rising 3.3% in 2Q. Among the major e...