Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what estimate he has made of tariff revenue from steel imports.

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 estimates. Instead, it aims to protect UK steel-making, which is essential for our critical national infrastructure and defence. The Steel Strategy aims to restore us to a balanced approach between UK demand being met through imports and through domestic production.