US Steel Import Tariffs Debate

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Department: Cabinet Office

US Steel Import Tariffs

Chris Law Excerpts
Tuesday 11th February 2025

(1 day, 15 hours ago)

Commons Chamber
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Douglas Alexander Portrait Mr Alexander
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In terms of being willing to make the big fiscal choices, we have committed £2.5 billion of public money since July to support the steel industry, with resources being funnelled in part through the national wealth fund. I can assure my hon. Friend that we have already been willing to put money, as well as commitment, behind the steel industry. He is absolutely right to recognise the strategic significance of this industry, not just on its own terms but much more broadly to the manufacturing capability of the United Kingdom. He has alluded to the risk of trade diversion, given the potential remedial action taken by other trading blocs, so I also want to assure him that we have protections that will remain in place until 2026. There are safeguards in place in relation to trade diversion, as well as the UK’s ability to act independently.

Chris Law Portrait Chris Law (Dundee Central) (SNP)
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I have listened very carefully to what has been said this morning. We have known since November that this was coming, even though the press were saying that we would somehow get a special relationship. What is clear today is that Trump shows strength towards countries that are in a position of weakness, which is where the UK currently is. Is it not now time for this Government to think very seriously about being back in the EU, where there is strength against strength through the customs union and the single market? We do not know what else is coming down the line, and Scottish businesses need to know the future—it could be whisky, it could be fish or it could be manufacturing. Can the Minister give us some assurance about how he will stand up to the strength of global protectionism?

Douglas Alexander Portrait Mr Alexander
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In terms of an understanding of Scottish business, again I should probably declare an interest, given that the Glenkinchie distillery is in the Lothian East constituency. Only this morning, I met with Chivas Regal and Diageo, so I can assure the hon. Gentleman that I am fully aware. Certainly, no one party should claim to speak for Scotland, or for Scotland’s businesses.

As for the United Kingdom’s departure from the European Union, it is no secret that I was a remain campaigner and wanted the United Kingdom to stay within the European Union in 2016. I would gently point out to the hon. Gentleman that had his party been successful in its endeavour to break up the United Kingdom in 2014, the direct and immediate consequence of that choice would have been Scotland’s departure from the European Union.