(5 years, 11 months ago)
Commons ChamberI will not give way again.
My hon. Friend the Member for Gloucester (Richard Graham) was clear that we must beware of some of the siren voices on other alternatives, particularly the EEA/EFTA option. We would pay highly for such an option. We would have to negotiate membership from outside the EU. The EU members as well as the EFTA members would all have to agree such a membership. We would have full regulatory alignment inside the single market and have less freedom on future trade agreements than we have under the agreement being put forward by the Government. We would be hamstrung by rules on our financial services—not even able to set the rules in our own City—and we would have full freedom of movement applied to us. It could not be further from what the public voted for in the referendum.
(6 years, 5 months ago)
Commons ChamberMy right hon. Friend the Business Secretary felt it would be of the greatest benefit to those in the industry to have them in and to have experts, including legal experts, talk them through the product exemption system. The product exemption system does not require a presidential agreement; it occurs at the level of the Department of Commerce. Knowing how the system works and being able to access it efficiently is of prime importance.
As has already been said, when President Bush introduced similar tariffs in 2002, it led to the loss of 200,000 American jobs through the steel supply chain. What steps is the Secretary of State specifically taking to influence Congressmen and women from the states that will be most affected this time, because that surely is the point of leverage through to the White House? Will he come to speak directly to the all-party group on steel and metal related industries to explain those steps in detail?
I would be happy to do so. I was in the United States and visited a number of our congressional colleagues just two weeks ago. It is worth pointing out that there are 142,000 steel workers in the United States, but there are 6.5 million workers who depend on steel as part of their business, so either reductions in supply or increases in cost are likely to have a domestic effect. Again, I hope our colleagues in Congress will see— I urge all Members of the House with links to either party in Congress to use those links to point this out—that history repeating itself would indeed be tragic for everybody concerned.