Question to the Department for Business and Trade:
To ask His Majesty's Government what estimate they have made of the potential future volume and value of exports to the United States of America as a result of the UK–US trade deal in comparison to March 2025.
The US is the largest single country partner for both UK exports and imports into the UK.
The Economic Prosperity Deal announced on 8 May will reduce tariffs for UK exporters in critical sectors.
For the car industry, we have negotiated a 100k quota that reduces tariffs from 27.5% to 10%. We’re pleased that as a result of our agreement with the US, UK steel will not be subject to additional 50% tariffs. We will continue to work with the US to implement our agreement, which will see the US tariffs on steel brought back down to MFN level. We have agreed new reciprocal market access on beef – with UK farmers given a guaranteed quota for 13,000 metric tonnes of beef exports at a very low tariff rate, British farmers now have a major opportunity to sell their high-quality British beef to a market of over 300 million people.