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UK-US Trade

13 October 2025

Proposing MP
Chris Bryant Lab
Rhondda and Ogmore
Type
Written Ministerial Statement
Department
Department for Business and Trade
View on Parliament.uk -->

At a Glance

Issue Summary

Chris Bryant discusses the UK-US Economic Prosperity Deal (EPD) and related talks that have taken place in 2025.

Action Requested

The statement provides updates on ongoing discussions between the UK and US, including the announcement of a Technology Prosperity Deal focused on AI, quantum, nuclear technologies, as well as confirmed preferential steel and aluminium tariffs for the UK under the EPD. No specific new actions are requested beyond continuing talks.

Key Facts

  • The UK-US Economic Prosperity Deal discussions continued in August and September 2025.
  • The Technology Prosperity Deal focuses on AI, quantum, nuclear technologies.
  • The US confirmed that UK steel and aluminium tariffs will remain at a preferential rate of 25%.
  • Lumber products from the UK have the lowest tariff rate globally at 10% due to the EPD.
  • The UK-US trading relationship is worth £315 billion, with each country employing over one million workers in the other's economy.
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