UK's May slams Boeing for undermining partnership

2017-09-28 22:38
(File, AP)

(File, AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

London - British Prime Minister Theresa May has warned of growing protectionism in the global economy, slamming plane maker Boeing for its role in the US government proposal to impose a massive tariff that could cost thousands of jobs in Northern Ireland.

Addressing a conference organised by the Bank of England, May mounted a strong defence of free trade and insisted that her government would push for free trade after Britain leaves the European Union in March 2019.

Undermines partnership

"I think there is a real challenge for us globally today because I think that here are aspects of protectionism creeping in around the world," she said. "I have said before I want the UK to be a global champion of free trade, because I think those of us who believe in free trade need to stand up, not just explain its wider benefits, but help to explain its benefits to individuals".

Her defence of free trade comes a day after Jeremy Corbyn, the leader of the main Labour Party opposition, made the case for more state involvement in the British economy and after the US Commerce Department proposed a tariff of almost 220% on Bombardier's C series aircraft, which threatens more than 4 000 jobs in Northern Ireland.

May said the actions of Boeing, which had sought US government action over what it saw as unfair competition, "is not the sort of behaviour we expect from a long-term partner" and that it "undermines that partnership".

Without directly threatening the US aircraft maker, May pointed out that the British government has various dealings with Boeing, particularly in the field of defence.

Trade deals

Boeing alleged that Bombardier received at least $3bn in subsidies from the governments of Britain, Canada and the province of Quebec, allowing it to sell planes to US-based Delta Air Lines for less than the cost of production. The Chicago-based aircraft maker asked the Commerce Department and the US International Trade Commission to investigate what it called "predatory pricing".

The spat has raised concerns that Britain and the US could end up in a tit-for-tat trade tussle.

That's particularly uncomfortable for a government that is negotiating Brexit and hoping to tie up a subsequent trade deal with the US. One of the main motivations of those backing Brexit is that it will untie Britain's hands in trade as the EU currently negotiates trade deals on behalf of its 28 member states.


Read more on:    theresa may  |  us  |  uk  |  brexit

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.