Iron and Steel: Import Duties
Commons · Question 13482 · Tabled 26 Jun 2026 · Department for Business and Trade · Official record
Answered 2 Jul 2026
Question
Asked by Dame Harriett Baldwin
To ask the Secretary of State for Business and Trade, what estimate his Department made of the expected revenue from steel tariffs in the first year of operation; how that revenue will be accounted for; and whether it will be reinvested in (a) the steel s
Answer
Answered by Chris Bryant, 2 Jul 2026
The central purpose of the trade measure is not to raise tariff revenue, so we have not made any such estimate.