Commenting following the US government announcement of tariffs on steel and aluminium imports from the EU, Harri Lloyd-Davies, President of the South Wales Chamber of Commerce said:
“It is hugely disappointing that the US government has chosen to push ahead with these tariffs, which will hurt companies and communities here is South Wales as well as across the UK as a whole, and of course their customers in the US.
“The UK and Welsh governments must reach out to and support the steel makers in Wales and the many supply chain businesses that face becoming the ‘collateral damage’ of the Trump administration’s protectionist push. Ministers must also work hand in hand with the EU to avoid any further escalation, and to find a long-term solution.
“As the UK leaves the EU, the American government’s decision to impose punitive tariffs is a helpful reminder that self-interest looms large in trade negotiations. Ministers should reflect on this carefully before they pursue any future trade deal between the UK and the USA.”