Iron and Steel: Import Duties
Commons · Question 122102 · Tabled 19 Mar 2026 · Department for Business and Trade · Official record
Answered 26 Mar 2026
Question
Asked by Dame Harriett Baldwin
To ask the Secretary of State for Business and Trade, what estimate he has made of tariff revenue from steel imports.
Answer
Answered by Chris McDonald, 26 Mar 2026
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 estimat...