Select committee: Business, Innovation, Science and Trade Committee
Conclusion 9
6th Report - The UK-US economic relationship: 250 years on
Published 4 Jul 2026
Addressed to Department for Business and Trade
Business, Innovation, Science and Trade Committee UK trade with the US All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
One year on, the Economic Prosperity Deal has delivered mixed results. Sector specific tariff mitigations in aerospace, automotive, beef, lumber and timber, pharmaceuticals and whisky show that negotiated outcomes are achievable even in a challenging US trade policy environment. However, progress on three cross cutting issues - non-tariff barriers, digital trade, and economic security - remain aspirational. As a non-binding framework, the Deal has also not delivered durable protection against shape-shifting future US tariffs. (Conclusion, Paragraph 50)
From: Business, Innovation, Science and Trade Committee, 6th Report - The UK-US economic relationship: 250 years on (HC 127), 4 July 2026
Government response
No government response linked yet: deadline 4 September 2026, 58 days ago.