UK-US Trade and Tariffs

Debate between Jonathan Reynolds and Ben Obese-Jecty

Thursday 3rd April 2025 Commons Chamber

[Jonathan Reynolds]

My hon. Friend is right to talk about the historic scale and significance of the announcement last night, particularly for her constituency, which has economic infrastructure that is so vital to the country, and how we will process the scale of the changes. I assure her that the Prime Minister, members of the Cabinet and I as the Secretary of State are at all times doing what she mentioned, in the decisions that we have had to make at pace, so that we can put our national interests forward in a way that has allowed us to progress negotiations and to keep opportunities open.

[Ben Obese-Jecty (Huntingdon) (Con)]

For all the carefully choreographed bonhomie in the Oval Office last November, the Prime Minister failed to secure a US military backstop for his coalition. Despite No. 10 briefing a narrative about productive discussions at the weekend, the Prime Minister has admitted to business leaders that there will be an economic impact from the decisions that the US has taken. On Times Radio this morning, the Business Secretary said that he would roll up his sleeves to try to remove the impact on businesses entirely. That is a bold claim, given the circumstances and the impact that the Chancellor’s Budget is already having. What timeframe does he envisage for an economic deal with the US? What will he be doing until 1 May while waiting for the views of UK shareholders?