United States Tariffs: Steel and Aluminium

Part of the debate – in the House of Commons at 7:12 pm on 12 March 2018.

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Photo of Liam Fox Liam Fox The Secretary of State for International Trade and President of the Board of Trade 7:12, 12 March 2018

My hon. Friend makes an important point. The exports from Skinningrove to Caterpillar make up about 25% of the site’s output and he is right to say that US producers have poor capability in regard to this product. The application of tariffs is therefore likely to result in a rise in input costs, which would be to no one’s economic benefit.