In his statement to Parliament, the UK Trade Secretary Liam Fox urges the European Union (EU) to make the case for an exemption from Trump’s steel tariffs, despite the Kingdom’s likely exit from the block next year.
Key Quotes via Bloomberg:
“I will be making the case for the U.K. as part of the EU.”
“Our current membership of the European Union means that the European Commission will be coordinating the European response.”
The countries with which the U.S. has strong security relationships could apply for exemptions from the tariffs. Businesses in the U.S. could also ask for relief for products that they rely on when there are national security considerations.
“We do disagree with the U.S. decision to implement tariffs on steel and aluminum imports.”
“These unilateral trade measures have weak foundations in international law.”
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