Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact on small and medium sized businesses of the suspension of the $800 minimum threshold for imports into the United States which is due to come into force on 29 August 2025; and what steps his Department is taking to support (i) sole traders and (ii) other businesses.
My department is engaging with industry to monitor impacts on small and medium-sized Businesses (SMEs).
We have published information to inform UK businesses and remain in close contact with our US counterparts to seek further clarity as needed. We remain fully committed to empowering SMEs to thrive in international markets through our wide-ranging export support – brought together through the Business Growth Service. Royal Mail’s new service allows SMEs to continue trading with the US, whilst most counterparts have suspended services.