Iron and Steel: Import Duties
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact on the Defence Procurement budget of the 50% tariff on steel imports from July 1st 2026.
Answered by Chris Bryant
The new steel measure has been designed to strike a careful balance between supporting domestic steelmaking and maintaining secure, reliable supply so the UK can meet its defence and critical national infrastructure needs. We will continue to monitor the impacts and review the measure after 12 months to ensure the balance is right between producers and downstream users of steel.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →