Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what estimate she has made of the cost to the Exchequer of the decision to suspend tariffs on imports from the US arising from the Boeing-Airbus dispute during the period from 1 January to 4 March 2021.

This question was answered on 25th March 2021
Countermeasures are not designed as a revenue raising measure and place an additional cost on British importers. The United Kingdom’s bold, de-escalatory decision to suspend tariffs brought the US to the negotiating table, resulting in joint tariff suspension. The suspension of US tariffs on around £550 million of British exports benefits businesses in every corner of our country.