Last Update 22:7
Tuesday, 12 November 2019

US approach to tariffs wrong, absurd if Britain affected: UK minister

Reuters , Friday 9 Mar 2018
Liam Fox
File Photo: Britain's International Trade Secretary, Liam Fox (Reuters)
Share/Bookmark
Views: 1785
Share/Bookmark
Views: 1785

The United States is taking the wrong approach by seeking tariffs on steel and aluminium imports and it would be "absurd" for Britain to be caught up in them, Trade Secretary Liam Fox said.

US President Donald Trump put import tariffs of 25 percent on steel and 10 percent for aluminum but exempted Canada and Mexico and offered the possibility of excluding other allies. The European Union has said that it should be exempt from the tariffs.

Fox said there was overproduction of steel in the world, mainly coming from China, but that protectionism "never really works", adding that British steel was used to supply the US military.

"So it's doubly absurd that we should then be caught on an investigation on national security," Fox said on BBC's Question Time late on Thursday evening.

"We can deal multilaterally with the overproduction of steel, but this is the wrong way to go about it."

He said he would raise the issue with the United States in a trip to Washington next week. 

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.