USA: Trade Agreements
(asked on 20th July 2026) - View Source
Question
To ask His Majesty's Government what assessment they have made of the implementation of the UK-USA Free Trade Agreement.
Answered by
Lord Leong
Parliamentary Under-Secretary of State (Department for Business, Innovation, Science and Trade)
This question was answered on 3rd August 2026
In May 2025, the UK and US announced the General Terms for the Economic Prosperity Deal (EPD), which will protect thousands of jobs, support key British industries and help drive economic growth.
We have implemented reciprocal duty-free quotas for beef, and the US has implemented a 100,000-unit annual quota for automobiles, reducing tariffs to 10%. On 24 July 2026, the US implemented the removal of tariffs on UK whisky and medical technology.
Discussions on the EPD continue.