US Steel and Aluminium Tariffs

Yvette Cooper Excerpts
Monday 4th June 2018

(6 years, 5 months ago)

Commons Chamber
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Liam Fox Portrait Dr Fox
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My hon. Friend raises an important point. In fact, the WTO has always shied away from this territory because of the implications it could have, even potentially for the integrity of the WTO itself. It is better that we find a better way to deal with the oversupply in the steel market and that no one tries to use the national security route as a remedy, because as I said, if the United States were to be successful in using it, what would stop other countries doing exactly the same on protectionist measures when it suited them?

Yvette Cooper Portrait Yvette Cooper (Normanton, Pontefract and Castleford) (Lab)
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Is not the gist of the International Trade Secretary’s position that the US is behaving outrageously—with illegal, protectionist tariffs—so he is working with our EU partners to build a strong, sensible response with the collective weight of the EU, yet he also wants to rip up the customs and trade deal with the countries that agree with us in exchange for a future, potential trade deal with a country that clearly does not agree with us? When he said last year:

“I want the UK and USA together to lead the world as shining beacons of open trade”,

was that a complete and utter fantasy?

Liam Fox Portrait Dr Fox
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The United States has long been at the forefront of leading global free trade, including in setting up the WTO itself. That is why we find it so disappointing that the current Administration should take this particular route and try this particular remedy for the problem. The right hon. Lady will notice that being a member of the European Union has no more protected us from these tariffs than Mexico or Canada.