To ask Her Majesty's Government what assessment they have made of reports from the recent G20 Summit that global growth may be adversely affected by ongoing trade tensions; and what steps will they take to ensure that the UK is prepared for any escalation in trade tensions after Brexit.
Answered on
8 August 2018
The UK remains concerned about the current trade tensions and shares the assessment that global growth could be adversely affected by these tensions. The UK is engaging with partners across the globe to seek a resolution. We are clear that nobody benefits from trade wars.
As the UK prepares for its independent membership of the World Trade Organisation (WTO), we are legislating for the full suite of tools permitted under the WTO in order to tackle injury to UK industry caused by unfair trading practices, such as dumped or subsidised imports, or unforeseen surges in imports.