Question to the Department for Business and Trade:

To ask His Majesty's Government what assessment they have made of the impact of United States tariffs on UK businesses, and what steps they are taking to reduce those impacts.

The UK and the US have reached a deal which was announced on 8th May 2025. We continue to negotiate a wider economic deal with the United States that will further support our industries and safeguard jobs.

We have announced an additional £500 million in lending capacity under the Growth Guarantee Scheme (GGS), delivered by the British Business Bank and we are also expanding UKEF’s business support package by £20 billion, £10 billion of which will be used specifically for businesses impacted by the current US tariffs.

Businesses concerned about the impact of US tariffs can also find clear guidance on business.gov.uk.