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Trade Negotiations 2025-05-08

08 May 2025

Lead MP

The Minister for Trade Policy and Economic Security

Debate Type

Ministerial Statement

Tags

ImmigrationEconomyTaxationEmploymentNorthern IrelandBrexit
Other Contributors: 26

At a Glance

The Minister for Trade Policy and Economic Security raised concerns about trade negotiations 2025-05-08 in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Government Statement

ImmigrationEconomyTaxationEmploymentNorthern IrelandBrexit
Government Statement
Today, a deal has been announced by the Prime Minister and President Trump to secure reductions in tariffs on UK car industry exports, ensuring lower tariffs of 10% for a quota of 100,000 vehicles. This is positive news for iconic British luxury brands like Aston Martin, Bentley, and McLaren as well as Jaguar Land Rover, which employs 34,000 employees directly in the UK. The deal also secures removal of tariffs on steel and aluminium through duty-free quotas. For agriculture, it opens exclusive access to the US market for UK beef farmers without allowing hormone-treated beef or chlorinated chicken. The agreement ensures co-operation on non-market policies from third countries, investment security, and export controls in key sectors like pharmaceuticals, semiconductors, critical minerals, copper, lumber, and film production. Following today’s announcement, there will be formal negotiations to deliver a binding legal framework with aims such as digital trade, tackling non-tariff barriers, mutual recognition agreements for industrial goods, domestic services regulation, economic security, and upholding standards in intellectual property and labour practices.

Shadow Comment

Andrew Griffith
Shadow Comment
The Conservative Party welcomes the reduction in tariffs but notes that British businesses are still facing higher tariffs now than they did in February. The deal is a 'Diet Coke' version of what was promised, not comprehensive free trade agreement necessary for growth. Questions raised include the impact on the film and television industry, the price and trade-offs made, protection for beef, lamb, pork, poultry farmers, special status of Northern Ireland, and British overseas territories. The shadow Secretary calls for immediate steps to ease business burdens imposed by elevated US tariffs.
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