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Lord Lamont of Lerwick (Con)

Speaking in the House of Lords on 6 January 2025

Debate

Multilateral Free Trade

Contribution

My Lords, I thank the Minister for both his good wishes and his reply. Does he agree that protectionism and tariffs are very great threats to growth both here and internationally, as we learned in the 1930s? If President Trump proceeds with his dangerous idea of imposing more tariffs, I urge the Government not to join the EU in any tit-for-tat retaliation but to maintain an open trading system. Above all, I urge them not to align with the EU on future industries such as AI when Europe so badly lags behind the United States in those areas, and will only incur the wrath of President Trump.

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