The UK remains the only country to have secured a 10% tariff for automotives within quota - saving hundreds of millions of pounds on UK exports annually.

We will continue to engage with the US Administration, and with the UK autos industry on how we can best deliver for them.

Supporting the sector remains a priority for this Government, and we will keep industry informed to support business planning and future investment decisions.

The UK's landmark economic deal with the US will protect thousands of jobs, support key British industries, and help drive economic growth.

We are committed to supporting UK businesses to trade internationally. In May, under the General Terms of the Economic Prosperity Deal, the UK secured a 10% tariff for automotives within quota, the first and only country to do so - saving hundreds of millions of pounds on UK exports annually and delivering on our Plan for Change.

We are now continuing talks on a wider UK-US Economic Deal which will also look at addressing specific tariff and non-tariff barriers, and unlocking new commercial opportunities that benefit both nations - including SMEs.

In May, the UK concluded a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK. In addition, an estimated 260,000 jobs are supported by the auto industry in the wider economy.

The government remains focused on making sure British businesses can feel the benefits of the deal as soon as possible. The government is continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains.

The department will continue to support the ongoing negotiations with the US, led by the Department for Business and Trade.

Thanks to our trade deal with the US, the UK remains the only country to have avoided 50% tariffs on steel and aluminium. A 25% tariff continues to apply to UK steel exports. President Trump’s Executive Order on 3 June reconfirmed this will be removed once a US for UK quota is implemented, as per the Economic Prosperity Deal.

We are in constant dialogue with domestic steel and aluminium sectors. We will continue to work with the US to get this deal implemented as soon as possible and in industry's best interests – supporting industry and protecting jobs.

In May, the UK concluded a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK. In addition, an estimated 260,000 jobs are supported by the auto industry in the wider economy.

The Government remains focused on making sure British businesses can feel the benefits of the deal as soon as possible.

The Government is continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains.

In May, the UK concluded a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK. In addition, an estimated 260,000 jobs are supported by the auto industry in the wider economy.

The Government remains focused on making sure British businesses can feel the benefits of the deal as soon as possible.

The Government is continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains.

My Department will continue to support the ongoing negotiations with the US, led by the Department for Business and Trade.

The landmark detail concluded with the US in May this year protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK. In addition, an estimated 260,000 jobs are supported by the auto industry in the wider economy.

The Government remains focused on making sure British businesses can feel the benefits of the deal as soon as possible. The Government is continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains.

The Ministry of Defence will continue to support the ongoing negotiations with the US led by the Department for Business and Trade.

In May, the UK concluded a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK. In addition, an estimated 260,000 jobs are supported by the auto industry in the wider economy. The Government remains focused on making sure British businesses can feel the benefits of the deal as soon as possible.

Government is continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains. My Department will continue to support the ongoing negotiations with the US, led by the Department for Business and Trade.

The Home Office always works closely with the Department for Business and Trade to assess the potential impact of trade agreements.

In May, the UK concluded a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK. In addition, an estimated 260,000 jobs are supported by the auto industry in the wider economy.

The Government remains focused on making sure British businesses can feel the benefits of the deal as soon as possible.

The Government is continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains.

We are encouraged by the references in the Economic Prosperity Deal to potential future agreements to increase digital and services trade between the United States and the United Kingdom. My Department will continue to support the ongoing negotiations with the US, led by the Department for Business and Trade.

In May, the UK concluded a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK. In addition, an estimated 260,000 jobs are supported by the auto industry in the wider economy.

The Government remains focused on making sure British businesses can feel the benefits of the deal as soon as possible.

The Government is continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains.

My Department will continue to support the ongoing negotiations with the US, led by the Department for Business and Trade.

In May, the UK concluded a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK. In addition, an estimated 260,000 jobs are supported by the auto industry in the wider economy.

For the first time ever, this deal will open up exclusive access for UK beef to the US market. This is a major opportunity for NI farmers to sell their high quality beef to a market of over 300 million people, helping farmers grow their business.

The Government remains focused on making sure businesses can feel the benefits of the deal as soon as possible. We are continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains.

In May, the UK concluded a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK. In addition, an estimated 260,000 jobs are supported by the auto industry in the wider economy.

The Government remains focused on making sure British businesses can feel the benefits of the deal as soon as possible.

The Government is continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains.

My Department stands ready to support the ongoing negotiations with the US, led by the Department for Business and Trade.

On 16 June, this Government announced progress towards the implementation of the UK-US trade deal. This now includes tariff exemptions on UK aerospace and automobile industries. As set out in the Foreign Secretary's British Chambers of Commerce speech in March 2025, the Foreign, Commonwealth and Development Office serves as the international delivery arm of this Government's mission for growth. The US-UK deal provides the foundation for a new reciprocal trading partnership with our single largest trading partner which will support our efforts to protect UK jobs, open market access and strengthen co-operation on economic security with the US. I recently hosted excellent talks in this regard for example with the Governor of Virgina and a roundtable of UK businesses.

Within a year of coming into government, we have secured three new trade deals with India, the EU and the US. Our Trade Strategy is unambiguous in pursuing quicker, more practical deals that deliver a real impact for Welsh businesses. That is why we have prioritised deals with Wales’s largest markets, including the US as our single largest country of destination with over 1000 businesses exporting from Wales.

In May, the UK concluded a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 45,000 people across Wales.

The Government remains focused on making sure British businesses can feel the benefits of the deal as soon as possible.

The Government is continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains.

My Department will continue to support the ongoing negotiations with the US, led by the Department for Business and Trade.

In May, the UK concluded a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK. In addition, an estimated 260,000 jobs are supported by the auto industry in the wider economy.

The Government remains focused on making sure British businesses can feel the benefits of the deal as soon as possible.

The Scotland Office will continue to work with the sector to understand the impacts, including the Scotch Whisky Industry.

The Government is continuing discussions on the UK-US Economic Prosperity Deal which will look at increasing digital trade, enhancing access for our world-leading services industries and improving supply chains.

The Scotland Office will continue to support the ongoing negotiations with the US, led by the Department for Business and Trade.

The US is our single largest financial services trading partner and relations are strong. As hosts of the top two global financial hubs, both nations benefit from deep, global financial markets and strong trade ties.

The General Terms for the UK-US Economic Prosperity Deal agreed on 8 May confirm that we will negotiate digital trade provisions that include financial services. The General Terms can be found here. However these General Terms are only the first step in our negotiations on a wider economic deal.

The Government will provide further updates as appropriate.

On 8 May 2025, the Prime Minister and the President concluded a landmark economic deal between the United Kingdom and the United States. The deal was defined in the General Terms for the Economic Prosperity Deal (EPD). On 16 June, the Prime Minister and the President agreed further progress towards that goal and the initial implementation of commitments.

The Office for Budget Responsibility is the government's official forecaster responsible for assessing the UK economic and fiscal outlook. The OBR will publish its next official forecast in the Autumn.

The Department continues to work closely with United Kingdom pharmaceutical firms, life sciences trade associations, and other Government departments to assess the potential impact of the UK-US Economic Prosperity Deal on the health and social care sectors. The Government is clear that we will only ever sign trade agreements that align with the UK’s national interests, and that the National Health Service will never be on the table for any trade agreement.

The UK-US Economic Prosperity Deal (EPD) includes a number of provisions that will in future benefit UK science and technology sectors. These include, for example, provisions on future negotiations on significantly preferential tariff treatment for pharmaceutical products, and an ambitious set of digital trade provisions.

Given detailed negotiations on these provisions have not yet concluded, it is not possible to undertake an impact assessment at this point.

As the Prime Minister has said, the Economic Prosperity Deal “opens the way to a future UK-US technology partnership through which our science-rich nations will collaborate in key areas of advanced technology”.