The EU must not come to Washington as a dwarf — because then it will be treated as one,
President Trump has taken a sledgehammer to free trade, with huge ramifications for the steel sector in the UK and across the world
If President Trump offered to cancel the tariff on steel imports in return for the UK throwing in the dustbin the appalling Chagos giveaway deal, would the Government agree?
Steel is an important inflow into production
What British industry needs and deserves is not a knee-jerk reaction, but a cool and clearheaded sense of the UK’s national interest based on a full assessment of all the implications of the US actions.
I strongly believe a deal can be done.
In any case, the announced tariffs will harm American producers and consumers in the end,
I hope we can avoid the misguided path of tariffs and counter-tariffs, as trade wars ultimately come at the expense of prosperity on both sides,
If the U.S. leaves us no other choice, the EU will respond with a united position,
The US president agreed that an exemption was under consideration in the interests of both of our countries,
It is worth doing everything to avoid unnecessary trade and customs wars, because this brings negative consequences for producers and consumers,
Absent IEEPA, there would need to be some kind of agency action first before any trade remedy tariffs can be imposed … but everything seems to be on the fast track,
History shows that unilateral tariffs often provoke retaliatory measures, disrupting supply chains and undermining economic stability,
At the international level, there’s something like 5,000 different descriptions at the 6-digit (product subheading) level, so 5,000 times 186 nations. It’s almost an artificial intelligence project,
The major companies in Australia are majority held by, the largest shareholder, is China,
For example, if Colombia has a high tariff on coffee in order to protect its industry, we would put a high tariff on Colombian coffee to match theirs, even though we don’t grow coffee. The only people hurt would be U.S. consumers,
The damage will extend beyond just the steel and aluminum sectors, impacting all businesses that rely on these materials throughout the supply chain,
Foreign customers are shifting their supply chains away from U.S. producers. Once removed, especially for smaller, family-owned businesses, it is difficult to regain that lost business,
We have to respond. We can’t just do nothing,
You are the president who is standing up for the American steelworker, and I am just tremendously impressed and delighted to stand next to you.”