B

Baroness Foster of Aghadrumsee (Non-Afl)

Speaking in the House of Lords on 18 March 2025

Debate

US Tariffs on EU Goods

Contribution

My Lords, I refer to my interest as chair of InterTrade UK. Paragraph 47 of Safeguarding the Union says that the United Kingdom is not just a political union but an economic union. Given that, and bearing in mind what other noble Lords have said, how can we deal with the economic problems of tariffs coming from either the European Union or the United States of America? How do we make it simpler? The Minister said that it is an established scheme, but it has been in place for less than two years and has not had to be activated until these tariffs have come to fruition. We need to find a way to make it easier for companies and to deal with it proactively.

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