The system of rules at the core of world trade is at breaking point – Barry Gardiner
Barry Gardiner MP, Labour’s Shadow International Trade Secretary, responding to the comments of Roberto Azevêdo, Director General of the WTO, on escalating trade tensions, said:
“The system of rules at the core of world trade is at breaking point and leaders around the world must work together to reform and strengthen our multilateral system, not undermine it.
“President Trump’s unjustified tariffs on steel and aluminium products from key allies is ramping up protectionism and risks a global trade war. This can only hurt businesses, workers, and consumers alike.
“The Government must stand up to these unfair practices. We cannot ignore them in the hope of a quick and dirty trade deal with the US.
“The rules and structures that underpin fair and open global trade must be strengthened and the next Labour government will work with our partners at the WTO and around the world to ensure global trade operate for the benefit of us all.”