EU should "lead by example" in response to US tariffs

31-May-2018 @ 20:00

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EU should "lead by example" in response to US tariffs

Tariffs on EU steel and aluminium will fail to address global overcapacity and cost European citizens and businesses, says Conservative Joint International Trade spokesman Emma McClarkin MEP.

Responding to the White House's decision to impose tariffs Miss McClarkin said: "I am extremely disappointed that both the EU and the US did not find a permanent deal to exempt European businesses from the tariffs on steel and aluminium.

"The UK and the EU are close security allies of the United States and their close cooperation through NATO and other international bodies is the cornerstone of international peace and security.

“Tariffs are not the right way to address the global problem of steel overcapacity and are incompatible with World Trade Organisation law.

“It is right that the UK and the EU seek to defend our domestic industries from these tariffs and any countermeasures by the EU must be in accordance with international trade law and should not exacerbate an already tense situation.

“We should lead by example to demonstrate we believe in free trade and the rules-based multilateral trade system."







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