You are here: Home » PTI Stories » National » News
Business Standard

UK minister says US tariffs 'wrong way' to resolve trade issues

AFP  |  London 

Britain's today criticised US Donald Trump's announcement of duties on and aluminium imports to America, saying it was the "wrong way" to resolve trade disputes.

"We can deal multilaterally with the overproduction of but this is the wrong way to go about it," he told the live TV audience of a current affairs show.

"Protectionism, tariffs never really work," Fox added.

Trump imposed the tariffs -- 25 percent on and 10 percent on aluminium -- despite calls for restraint from Britain and repeated warnings from the and other allies that it could trigger a full-on trade war.

Announcing the move Trump leaned on a little-used and decades old national security clause in US trade law, but said and would be excluded and other countries could negotiate exemptions.

Fox said he would travel to next week for meetings with US officials about the tariffs and the possible exemptions for America's allies.

"We'll have to wait to see what the announcements are," he added on the potential opt-outs.

"We'll wait to see whether there's a time for negotiation -- that's why I'm going to next week."

Fox argued it was "doubly absurd" to target Britain with on national security grounds when it only provided the US with one percent of its imports and for the

The British could be badly hit by the tariffs, with trade body UK Steel saying the tariffs could have a "profound and detrimental impact".

Britain is currently a member of the and would be bound by US measures against the bloc and any retaliation it launches.

The EU, which says it should also be excluded from the duties, has already drawn up a hitlist of flagship American products to target for countermeasures.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 06:50 IST