UK trade with the US

Business and Trade Committee Open Inquiry
Opened: 8 Apr 2026 Parliament page
The Business and Trade Committee is conducting its bi-annual stock take on the UK-US economic and trade agreements, building on its baseline report US Economic Prosperity Deal (HC 1306, 2024–26). Since that report, the Economic Prosperity Deal (EPD) framework has been extended through a Technology Prosperity Deal (TPD) and an … Read more
10 Recommendations
7 Conclusions
1 Report
5 Letters
Activity timeline 6 events
4 Jul
2026
Report published
9 Jun
2026
Correspondence
9 Jun
2026
Correspondence
9 Jun
2026
Correspondence
19 May
2026
Correspondence
15 Apr
2026
Correspondence
Title HC No. Published Items Response
6th Report - The UK-US economic relationship: 250 years on HC 127 4 Jul 2026 17 Pending
Recommendations & Conclusions
17 results
1 Conclusion
6th Report - The UK-US economic re…
US tariffs are now a structural feature of the trading environment and will persist.
US tariffs are now a structural feature of the trading environment and will persist. In our conversations with allies around the world, few expect tariffs to return to their prior levels after the next US Presidential election. The UK’s effective … Read more
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2 Conclusion
6th Report - The UK-US economic re…
The UK Government has responded to US tariff policy as fast as a volatile environment...
The UK Government has responded to US tariff policy as fast as a volatile environment allows, and has brought welcome stability to some trade terms. However, the agreements remain frameworks with language open to divergent interpretation, and their durability subject … Read more
Department for Business and Trade
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3 Recommendation
6th Report - The UK-US economic re…
The Government should publish one consolidated, regularly updated “business-facing” guidance source for the EPD, the...
The Government should publish one consolidated, regularly updated “business-facing” guidance source for the EPD, the Technology Prosperity Deal and the Pharmaceutical Arrangement. This guidance should distinguish between the tariff and customs requirements currently in force and what remains under negotiation … Read more
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4 Recommendation
6th Report - The UK-US economic re…
The urgency of the Government’s responsible business conduct review has been underlined by the new...
The urgency of the Government’s responsible business conduct review has been underlined by the new US tariffs connected with forced labour. We reiterate our previous recommendation that the Government introduce mandatory human rights due diligence legislation and an import ban … Read more
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5 Recommendation
6th Report - The UK-US economic re…
The Government should report to the Committee on the outcome of the DBT responsible business...
The Government should report to the Committee on the outcome of the DBT responsible business conduct review in response to this Report. (Recommendation, Paragraph 27)
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6 Conclusion
6th Report - The UK-US economic re…
By implementing UK-US trade commitments through non-binding agreements and secondary legislation, the UK Government is...
By implementing UK-US trade commitments through non-binding agreements and secondary legislation, the UK Government is conducting trade policy in a way that limits opportunities for parliamentary scrutiny. The Secretary of State suggested that Members would have the chance to scrutinise … Read more
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7 Recommendation
6th Report - The UK-US economic re…
The Government should honour its commitments to the House and ensure the EPD and the...
The Government should honour its commitments to the House and ensure the EPD and the recent UK-US agreements are presented properly to the House for scrutiny. If it cannot do this, the Government should explain how parliamentary scrutiny will be … Read more
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8 Recommendation
6th Report - The UK-US economic re…
The Government should publish impact assessments for the US agreements already concluded, including the Pharmaceutical...
The Government should publish impact assessments for the US agreements already concluded, including the Pharmaceutical Arrangement, without further delay. It should further ensure that all future economic agreements with the US are accompanied by a timely impact assessment. (Recommendation, Paragraph … Read more
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9 Conclusion
6th Report - The UK-US economic re…
One year on, the Economic Prosperity Deal has delivered mixed results.
One year on, the Economic Prosperity Deal has delivered mixed results. Sector specific tariff mitigations in aerospace, automotive, beef, lumber and timber, pharmaceuticals and whisky show that negotiated outcomes are achievable even in a challenging US trade policy environment. However, … Read more
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10 Recommendation
6th Report - The UK-US economic re…
The Government should build on the existing achievements in the EPD and pursue four priorities:...
The Government should build on the existing achievements in the EPD and pursue four priorities: • cut the baseline tariff, using our recommended forced-labour legislation as grounds to argue the UK’s rate down; • secure, as a minimum, an operational … Read more
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11 Conclusion
6th Report - The UK-US economic re…
The TPD is a framework for deepening bilateral cooperation in strategic technologies.
The TPD is a framework for deepening bilateral cooperation in strategic technologies. It played a useful role in signalling political commitment, but it was suspended before it could produce substantive outcomes. (Conclusion, Paragraph 60)
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12 Conclusion
6th Report - The UK-US economic re…
The investments announced during the State Visit were correlated to the Technology Prosperity Deal, not...
The investments announced during the State Visit were correlated to the Technology Prosperity Deal, not caused by it. Investors were clear that their decisions rested on the UK’s fundamentals: strong underlying demand for AI infrastructure, the UK’s strong rule of … Read more
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13 Recommendation
6th Report - The UK-US economic re…
To improve investment into the UK, the Government should focus on the factor conditions rather...
To improve investment into the UK, the Government should focus on the factor conditions rather than government-to-government deals. These are competitive energy costs, faster grid connections, expeditious planning processes, and governance simplicity for investors. We reiterate the recommendations in our … Read more
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14 Recommendation
6th Report - The UK-US economic re…
The Government must preserve the UK’s freedom to regulate AI, digital services taxes, and online...
The Government must preserve the UK’s freedom to regulate AI, digital services taxes, and online safety in the national interest. The UK should not trade away these regulatory freedoms in pursuit of resuming the TPD. (Recommendation, Paragraph 69) Arrangement on … Read more
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15 Conclusion
6th Report - The UK-US economic re…
The Pharmaceutical Arrangement was a necessary response to an acute tariff threat to £4 billion...
The Pharmaceutical Arrangement was a necessary response to an acute tariff threat to £4 billion of UK exports. However, the cost to the NHS is material, contested, and opaque. Whether increased NHS spending translates into increased UK R&D investment, remains … Read more
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16 Recommendation
6th Report - The UK-US economic re…
The Government should publish a roadmap for the Pharmaceutical Arrangement and evaluate outcomes of this...
The Government should publish a roadmap for the Pharmaceutical Arrangement and evaluate outcomes of this agreement against metrics in real time. Further spending should be dependent upon evidence of increased access to medicines, improved health outcomes and greater R&D investment … Read more
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17 Recommendation
6th Report - The UK-US economic re…
If the Government cannot publish the Impact Assessment for the Pharmaceutical Arrangement, it should publish...
If the Government cannot publish the Impact Assessment for the Pharmaceutical Arrangement, it should publish its evidence that accelerating spend on innovative medicines will increase investment in the UK. (Recommendation, Paragraph 82) 61
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Correspondence 5 letters
9 Jun 2026 From committee Letter to Prologis relating to further information following the Committee's evidence session on 10 February on UK trade with the US, 23 April 2026
Parliament page
9 Jun 2026 To committee Letter from Tata Steel UK relating to UK-US steel trade arrangements and UK-EU steel quota negotiations, 22 May 2026
Parliament page
9 Jun 2026 To committee Letter from the Minister of State for Trade relating to the UK-US Economic Prosperity Deal and recent US tariff reductions, 26 May 2026
Parliament page
19 May 2026 To committee Letter from Prologis relating to further information following the Committee's letter on 23 April on UK trade with the US, 6 May 2026
Parliament page
15 Apr 2026 To committee Letter from the Minister of State for Trade relating to the UK-US Arrangement on Pharmaceutical Pricing, 2 April 2026
Parliament page