Last week a World Trade Organisation (WTO) ruling opened the door on the United States of America imposing tariffs on Airbus and other goods coming from the UK. These tariffs are expected to hit us to the tune of $7.5 billion.
Airbus directly employs around 13,500 jobs and an additional 110,000 jobs are linked via supply chains. The United States use of the WTO to restrict free trade is deeply concerning.
Free trade makes us all better off and these new tariffs will also harm the US. Indeed, Airbus employs (directly and indirectly) 275,000 in the United States. Yet again President Donald Trump has decided to pursue a trade war instead of pursuing wealth for all countries.
I asked the new trade minister what action he has taken. He said he has spoken with the other industries hit by these new tariffs and will be talking with the US Ambassador to the UK. We can’t afford to waste any time if we are to end this trade war. The UK Government need to act quickly and decisively if we are to reinstate free trade for one of the biggest employers in Flintshire.