Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the effects on UK GDP of the imposition of tariffs by the President of the United States of America on Mexico and Canada.

HMT continuously monitors external developments and potential impacts on the UK economy and is committed to considering what actions are best to promote and safeguard UK business interests.

Global trade is an important driver of global and domestic growth; increased trade barriers and increased uncertainty about trade policies between partners will be detrimental to the global and UK economies. We are clear – as a very open economy – that free and open global trade is in our national interest.