Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what the value is of tariff duties the UK has avoided on its goods exports through the UK-US Economic Prosperity Deal and any related updates to this agreement.
UK goods exports to the US amounted to £63 billion in the 12 months to the end of September 2025.
Thanks to the Economic Prosperity Deal, the UK has secured 0% tariffs for the aerospace sector, preferential 25% tariffs on steel and aluminium and cut automotive tariffs to 10% within quota, protecting industries that export tens of billions to the US. The UK has also secured 0% tariffs for the pharmaceutical sector.