Oral Answers to Questions

Debate between Kemi Badenoch and Liam Fox

Thursday 15th November 2018 Commons Chamber

[Dr Fox]

We have set out our export and investment strategy, and we are one of the few countries in the world that are seeing a rise in investment at a time when foreign direct investment is dropping by 41%. We currently have one of the biggest increases in exports, and our trade policy and new system of trade commissioners will ensure increased levels of contact with Governments in all countries, including the one that the right hon. Gentleman failed to tell us the name of.

[Mrs Kemi Badenoch (Saffron Walden) (Con)]

T5. Will the Minister update the House on what further steps are being taken to enable future trade deals?

United States Tariffs: Steel and Aluminium

Debate between Kemi Badenoch and Liam Fox

Report stage: House of Commons
Monday 12th March 2018 Commons Chamber

[Dr Fox]

As I have said, the whole aim of policy at present in the UK, the European Union and beyond is to try to temper these proposals and to get exemptions so that we do not feel any of the impetus that might lead to an escalation of the current position.

[Mrs Kemi Badenoch (Saffron Walden) (Con)]

As tariffs go, 25% is particularly high and could lead to all sorts of unforeseen consequences. Is there any evidence that there will be trade diversion to the UK as a result of the US imposition of 25% tariffs?

[Dr Fox]

It is quite difficult to know in advance where there might be diversion. Again I make the point that our aim is not to deal with the consequences but to prevent the imposition of the proposed tariffs in the first place.