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UK-US Trade and Tariffs 2025-04-03

03 April 2025

Lead MP

The Secretary of State for Business and Trade Jonathan Reynolds

Debate Type

Ministerial Statement

Tags

EconomyEmployment
Other Contributors: 58

At a Glance

The Secretary of State for Business and Trade Jonathan Reynolds raised concerns about uk-us trade and tariffs 2025-04-03 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

Today, I am making a statement on the United Kingdom’s economic relationship with the United States. The UK has a strong and balanced trading relationship worth £315 billion, supporting 2.5 million jobs across both countries. Yesterday, the US announced a 10% reciprocal tariff on UK exports and a 25% global tariff on cars. While disappointed by these tariffs, the Government is working to navigate this situation in our national interest. We have been engaged in discussions with the US since their new Administration took office, focusing on an economic deal that would deepen our relationship beyond just avoiding tariffs. The talks are ongoing and will remain so, aiming for a favourable outcome for both countries. To prepare for future options, we are launching a request for input from UK stakeholders until 1 May 2025 to assess possible retaliatory action. This will ensure businesses can influence the design of any potential measures while keeping all options open.

Shadow Comment

Andrew Griffith
Shadow Comment
Businesses, workers, and their families woke up this morning with greater fear and uncertainty due to tariffs. Tariffs make us poorer by pushing up costs and suppressing demand. While the Government is committed to reaching a deal with the US, they did not secure any special favours from the White House. Our automotive manufacturers face unchanged tariffs of 25% on around £8 billion-worth of cars and auto parts exports, and steel and aluminium exports remain at 25%. The Government must urgently tackle sky-high energy costs and shelve the Employment Rights Bill to support businesses. They should also provide clarity for car makers on the ZEV mandate and keep Parliament informed about broader objectives in trade negotiations.
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