Clive Jones
Main Page: Clive Jones (Liberal Democrat - Wokingham)Department Debates - View all Clive Jones's debates with the Cabinet Office
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Clive Jones (Wokingham) (LD)
Donald Trump’s tariffs will cause much uncertainty across the world, not least for those working in our great British steel industry. Tariffs are not just bad news for UK steel producers; they would have a tangible effect on people’s lives, from lower economic growth to higher inflation. It is not likely to end with steel, so we may well be caught up in America’s economic vandalism. Will the Minister set out how US tariffs may affect the UK economy and what preparations are being made as a result, and does he agree that British jobs are on the line and that businesses and workers want to see the Government stand up for them?
Mr Alexander
To give a sense of quantum to the House, about £400 million-worth of UK steel exports go to the United States. That represents, if I recollect accurately, about 10% of UK production, so the hon. Gentleman is entirely right to recognise that this is a significant moment. We take that very seriously, which is why we are engaging in dialogue with both the workforce and the owners of the various steel producers here in the United Kingdom. More broadly, as my right hon. Friend the Member for Birmingham Hodge Hill and Solihull North (Liam Byrne) alluded to, we want to avoid a significant escalation. We saw retaliatory measures taken under the first Trump Administration. It feels to me that this is an opportunity for the UK to exercise a cool head and a clear-eyed sense of where the national interest lies. These tariffs will not be imposed until 12 March, which gives us time to undertake the dialogue that is already under way, to reach a judgment on the basis of the analysis that we have already done, and to ensure that our interlocuters in Washington and elsewhere are engaged in a constructive and mature dialogue.