PARLIAMENTARY WRITTEN QUESTION
(19 March 2026)
Question Asked
To ask the Secretary of State for Business and Trade, what estimate he has made of tariff revenue from steel imports.
Asked by:
Dame Harriett Baldwin (Conservative)
Asked by:
Dame Harriett Baldwin (Conservative)
Answer
From 1 July 2026, steel import quotas will be reduced by 60% compared with the steel safeguard, with a 50% tariff on imports exceeding these levels.
The purpose of the trade measure is not to raise tariff revenue, and therefore we have not made any estimates. Instead, it aims to protect UK steel-making, which is essential for our critical national infrastructure and defence. The Steel Strategy aims to restore us to a balanced approach between UK demand being met through imports and through domestic production.
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