Trade Agreements: USA

(asked on 10th February 2026) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government whether they plan to publish an impact assessment for the UK–US Economic Prosperity Deal.


Answered by
 Portrait
Lord Stockwood
Minister of State (HM Treasury)
This question was answered on 24th February 2026

Through EPD negotiations, the UK has agreed preferential trading terms with the US in a range of sectors. This includes a 10% “reciprocal” tariff, 0% for aerospace and pharmaceuticals, and 10% for cars within quota. The UK is also the only country to have avoided 50% steel and aluminium tariffs.

Discussions on the UK-US Economic Prosperity Deal continue, covering tariff and non-tariff barriers, including digital and services trade.

We will keep the House fully informed on these developments along with the expected economic outcomes of the final deal.

Impact assessments are completed at the conclusion of a Free Trade Agreement.

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