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UK-US Trade

01 December 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

The statement discusses ongoing talks between the UK and US regarding the Economic Prosperity Deal (EPD) aimed at enhancing trade relations.

Action Requested

The UK and US will continue negotiations on issues including tariffs, non-tariff barriers, digital services, and sector-specific investigations such as pharmaceuticals and heavy trucks. The EPD aims to protect British industries and drive economic growth.

Key Facts

  • Discussions took place virtually during November 2025.
  • The UK-US Economic Prosperity Deal (EPD) benefits the UK with preferential tariffs of up to 25% on steel, aluminium, and derivatives; a special 10% tariff on cars; and 10% for lumber products.
  • The US is the UK’s largest trading partner worth £331 billion in the year ending June 2025.
  • UK firms employ 1.2 million US workers, while American companies employ 1.4 million people in the UK.
  • There is a mutual investment of £1.2 trillion between the two countries.
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