Lord Haskel
Main Page: Lord Haskel (Labour - Life peer)But of course. One can have a dispute at one end but at the same time still work collaboratively on other trade deals. One has to look at relationships across the board. Although we have a major issue here around tariffs, which we agree needs to be dealt with, we can nevertheless still have a very constructive relationship with one of our most important allies. One must not forget that, outside the EU, America is our biggest trade partner.
My Lords, in practice, what may well happen is that, in the short term, businesses will find a way to sell through third-party countries, especially as the origin rules are now becoming less and less clear. What is the Government’s attitude towards that?
How the US polices its tariffs will be a matter for it. We have to safeguard the way in which perhaps steel and aluminium come to the EU and the UK and ensure that our businesses and our employees are safeguarded. The EU is looking at safeguarding issues very closely. That discussion has now started to take place.