Small Businesses: Import Duties

(asked on 30th May 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has had discussions with her US counterpart on (a) tax exemptions and (b) relief measures for UK-based SMEs that rely on Chinese manufacturing.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 9th June 2025

The Chancellor regularly speaks with her counterpart, the US Treasury Secretary.

This government will continue to act in Britain’s national interest – for workers, for businesses and for families.

The Chancellor welcomes areas of collaboration such as the recently announced UK-US economic deal of 8 May.

The agreement of 8 May is the first step towards a legally binding Economic Prosperity Deal with the US which will look at increasing digital trade, enhancing access for our world-leading services industries, and improving supply chains.

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