US Steel and Aluminium Tariffs Debate
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Baroness Hoey
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US Steel and Aluminium Tariffs
Baroness Hoey Excerpts(2 days, 18 hours ago)
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Baroness Jones of Whitchurch (Lab)
I assure my noble friend that we are determined to support and invest in the steel sector. We already have plans and are taking steps to do that. We see a bright future for steel in the UK, and our plan for steel, which will be published in the spring, will establish a long-term vision for the industry, promoting long-term growth and securing jobs for the future in all parts of the country. The point that my noble friend makes is absolutely right about that. This is about ensuring jobs, protecting the industry for the future and making sure that we can go forward on a competitive basis in the global trade on this issue.
Lord Kennedy of Southwark (Lab Co-op)
My Lords, we will hear from the noble Baroness, Lady Hoey, next and then the noble Lord, Lord Caine.
Baroness Hoey (Non-Afl)
My Lords, I think that His Majesty’s Government are quite right not to rush into retaliatory measures, but will the Minister say whether they are giving any thought to what will happen when the EU retaliates? What happens to Northern Ireland, which has been left within the EU for these kinds of matters? That is something that they need to be looking at urgently.
Baroness Jones of Whitchurch (Lab)
My Lords, Northern Ireland is a part of the United Kingdom’s customs territory and internal market. We will continue to monitor closely the impact on Northern Ireland of any tariffs. While the framework means that tariffs would apply on US goods moved into Northern Ireland for the limited subset of US goods in line with its protection of the UK and EU markets, there is a duty reimbursement scheme in place where those goods do not enter the EU. The duty reimbursement scheme enables traders to reclaim or remit applicable duties in full without any limit on total claims. Businesses moving goods into Northern Ireland should contact HMRC for more information about these schemes.