Tariffs: Canada and Mexico Debate
Full Debate: Read Full DebateLord Mendoza
Main Page: Lord Mendoza (Conservative - Life peer)Department Debates - View all Lord Mendoza's debates with the Department for Business and Trade
(2 days, 10 hours ago)
Lords ChamberMy Lords, we will always consider businesses across the country and their particular interests. However, it is difficult to comment on specific tariffs when there are few facts and speculation is taking place. Northern Ireland is part of the UK customs territory and internal market, and goods moving into Northern Ireland do not subsequently enter the EU. We are considering what action would be in the best interests of all UK businesses and will make sure that the implications for Northern Ireland are considered in those discussions.
My Lords, the imposition of tariffs can have effects beyond trade. For example, this morning the New York Times reported that the Chinese foreign ministry is considering relaxing its co-operation with America on the import of the products necessary to make fentanyl. Fentanyl, along with other synthetic opioids, has been responsible for the deaths of hundreds of thousands in America. Are the Government ready for the reduction in China’s co-operation in this area and what might happen as a result, even in this country?
My Lords, we are aware that the US has imposed a tariff on all Chinese goods. I reiterate that it is not for me to comment on another country’s bilateral trade relationships—that is a matter for the US—but we are of course aware of China’s retaliatory response. We respect China’s dialogue with the US and will not intervene. However, the Government are prepared to take any necessary action to mitigate the potential economic impact on our businesses and will continue to monitor the situation.