Tariffs: Canada and Mexico

Lord Reid of Cardowan Excerpts

Tuesday 4th March 2025 Lords Chamber

[Baroness Jones of Whitchurch (Lab)]

The noble Lord raised several questions there. On the question of the UK and US, we have a strong economic relationship that is fair, balanced and reciprocal. As noble Lords know, the Prime Minister and President Trump discussed that on 27 February, when they agreed that we would deepen our relationship and have tasked teams to work together on a trade deal focused on tech. This is absolutely fundamental to us; the Prime Minister has been clear that he will not make any false choices between our allies—it is about our national interests. As the noble Lord rightly says, the Prime Minister has said that we are going further and we will work on an economic deal with advanced technology at its core—but these are early days to comment any further on this. Obviously, we will set out more details as discussions evolve.

[Lord Reid of Cardowan (Lab)]

My Lords, I commend the Minister’s first reply, which, as I understood it, was that while of course we will confer with colleagues and allies across the world, we will not intervene—it is a matter for them to deal with the United States. I also very much commend the noble Lord’s second comment when he recommended that we use, to off-set some of the damaging effects of Brexit, the opportunities of Brexit to manifest an acceptance of our point of view on the high-tech industries, because those are the industries of the future.

[Baroness Jones of Whitchurch (Lab)]

My noble friend makes an important point. Advanced technology is one of the key industries in our industrial strategy, and certainly one of the important areas for our future prosperity. We are committed to continuing our work with both the US and the EU to remove barriers to trade and to help UK businesses grow. Our number one priority is the growth of the UK economy, and free and open trade with our most economically important partners will be key to its delivery.