Part of International Trade – in the House of Commons at on 10 June 2021.
Graham Stuart
Parliamentary Under-Secretary (Department for International Trade)
We are working to de-escalate trade tensions that negatively impact steel exporters, including our pursuit of a permanent resolution to the US section 232 tariffs, which so unfairly harm the UK steel industry. I am pleased to say that in terms of the EU we have agreed tariff-rate quota allocations for UK steel exports, without which the industry could have been hit by a 25% tariff and an estimated cost of £80 million in the first half of this year alone.