Lord Sharpe of Epsom
Main Page: Lord Sharpe of Epsom (Conservative - Life peer)Department Debates - View all Lord Sharpe of Epsom's debates with the HM Treasury
(2 days ago)
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Baroness Gustafsson (Lab)
We are operating in incredibly fast-moving times. This agreement lays down those anchor points and principles to allow our great industries to be able to continue to trade, but there is more work to be done in fleshing out the specifics and making sure that this is enacted and is something that people can use day to day in their trade. Our brilliant team of officials are working very hard on ensuring that this gets done within the coming weeks.
Lord Sharpe of Epsom (Con)
Following on from the Minister’s last answer, can she say what steps the Government intend to take to address the continued imposition of the 10% baseline reciprocal tariffs on most UK goods entering the US?
Baroness Gustafsson (Lab)
For the remaining areas of trade that are not covered by this agreement, where there still are reciprocal tariffs, there is a number of industries that we identify as key and there is an ongoing dialogue and conversation. It is important to note that this agreement is not an end. It is not a conclusion of all the conversations. Those negotiations are happening all the time, and we should anticipate seeing more agreements of this nature.