V

Viscount Chandos (Lab)

Speaking in the House of Lords on 3 April 2025

Debate

UK-US Trade and Tariffs

Contribution

My Lords, I recognise that the Government’s priority must be to achieve the best possible outcome in relation to tariffs between the UK and the US. I am cautiously optimistic that this Government will do a great deal better than the Conservative Government did over many years, despite the litany of excuses put forward by the noble Lord, Lord Hunt. Does my noble friend the Minister agree, however, that we should also throw our weight behind improving the deal for other countries that are, in many cases, facing much higher tariffs than the UK: first, in the interest of the global trading system; secondly, to save low-income countries, as other noble Lords have highlighted, from devastating economic damage—a multiple of the hit that the UK may suffer—and, thirdly, in the interests of the many UK companies whose businesses are based on supply chains between those other countries and the US?

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