Nick Thomas-Symonds
Main Page: Nick Thomas-Symonds (Labour - Torfaen)I know what my hon. Friend means by that, but I think that what he is really interested in, as I am, is tariffs that actually work. The right level has to be the level that actually works. The Americans might have imposed higher tariffs, but if they are too high they will hurt the rest of industry and consumers and they will cost thousands of jobs down the supply chain. Where the EU has imposed tariffs, driven by evidence, the results have been a massive fall in imports. In rebar, for example, a 13% tariff led to a 99% fall.
The European Commission wants to move away from the lesser duty rule. Quite simply, the problem is that when it is in place the duty that can be imposed will always be far less than the margin of the dumping. Can the Secretary of State be clear: was the Eurofer spokesman right when he said that the UK Government were “certainly the ringleader” in blocking its reform?