Former UK minister: Tariffs hurt key partnership projects

AlArabiya English

Former UK Defense Minister Sir Gerald Howarth says US tariffs unfairly target the UK, impacting key partnership projects between the two countries. #TrumpTariffs

Transcript

00:00From the point of view of the United Kingdom, our total trade with the United States is about 300

00:05billion pounds. That is, I suppose, about 400 billion dollars. And of our exports to the United

00:15States, which is 182 billion pounds last year, a huge amount of that, 124 billion, was services,

00:25for which, of course, no tariffs apply. So from our point of view in the United Kingdom,

00:29our exports of 58 billion, which would be made up of cars, automobiles, scotch whiskey,

00:38and obviously very serious for those industries. But it's, I think, very much more limited.

00:43But there is a defense issue here. I mean, we make the back end and other parts of every single

00:50F-35 Joint Strike Fighter that is made in the world. And we export those to the United States.

00:59So sticking a tariff on manufactured goods in the United Kingdom, part of a project in which

01:06the United Kingdom is an equity partner with the United States, just seems to me to be,

01:13I'm afraid, alongside some of the rather ignorant remarks that have been made about the United

01:18Kingdom.

Category

Transcript

Recommended