(2 years, 10 months ago)
Commons ChamberI was pleased to meet virtually with the US Secretary of Commerce, Gina Raimondo, yesterday to discuss the application of US section 232 tariffs. As set out in our joint statement, which was published last night, the US has agreed to commence negotiations with the UK. I welcome that positive development, and I will push for a deal that is right for the UK. I will continue to work closely with industry throughout the negotiations. The UK accounts for less than 1% of US steel and aluminium imports in volume terms, so UK imports do not affect the viability or the national security of the US steel or aluminium industries.
The International Trade Secretary will recall the Hallowe’en agreement from last year, when the US gave tariff-free access to the EU for steel and aluminium exports from the beginning of this year. That means that the EU will now have a 25% price advantage over UK steel and aluminium exports to the US. In fact, any UK steel, even if worked on in the EU, will still attract tariffs in the US. Is that what the Prime Minister meant when said he said Brexit was about taking back control?
As I said, it is a Government priority to secure a good deal and ensure that we find the right way forward to get out of the section 232 tariffs, which we are doing at pace. The US Secretary of State for Commerce and I will work to ensure that that imbalance is removed as quickly as possible.
To go back to my earlier point, as we see markets open up and opportunities for amazing UK businesses to discover not only the markets some are in already but new markets, the export support service and the team at the DIT stand ready to support all those who want to expand and share the UK’s amazing goods and services with the rest of the world. “Made in the UK, Sold to the World” is our campaign motto, and that is what we want to support everybody to share and get out there.
Topical Questions
The Department’s five-star year 2022 has begun at pace with the launch of our India free trade agreement negotiations, the signing of the sovereign investment partnership with Oman, discussions with Brazil towards an economic trade partnership, the launch of our new and improved trade show programme, and the virtual African investment summit taking place today. As I mentioned earlier, yesterday I met with US Secretary of Commerce Gina Raimondo to start negotiations with the US on the section 232 tariffs. These have cost the steel industry over £60 million per year; I am firmly pressing for their express removal and am confident we can now make fast progress towards this to ensure that trade works in the interests of all UK businesses and workers.
Further to my earlier question with regard to US steel tariffs and section 232, what are the chances of our getting those tariffs lifted, given that the Prime Minister is playing fast and loose with security policy on Northern Ireland, particularly through doing his best to trash the Northern Ireland protocol?
We will be pushing for a deal that is right for the UK steel industry and I am confident that the long-standing alliance between the UK and the US, built on a rich history of shared values and free and fair trade, will ensure that the negotiating outcomes are what we need for UK industry. The UK and the US work together across the piece in so many difficult areas at the moment and I hope that those in all parts of the House will continue to give support as we take on some of those challenging security issues.