UK-US Trade Relations

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Series Title
Series Details (2017-19) HC481
Publication Date 01/05/2018
Content Type ,

The United Kingdom: House of Commons: International Trade Committee published a report UK-US Trade Relations on the 1 May 2018. The Committee warned the UK Government against rushing into trade negotiations with the US without first establishing a clear, comprehensive and evidence-based trade strategy.

It cautioned that the temptation to achieve a quick trade deal with the world’s largest economy would be high, but the complexities of the regulatory environment and US’s federal system would need careful navigation.

A deal with the US was central to the Government’s post-Brexit trade strategy, and had been confirmed as its first priority for new free trade agreements after Brexit. Any trade deal with the US could have a transformative effect on the UK economy, for better or worse.

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Related Link(s)
ESO: In Focus: Brexit - The United Kingdom and the European Union
Institute of Free Trade / Cato Institute: Project: An 'Ideal' US-UK Free Trade Agreement
United Kingdom: Department for International Trade: Policy Paper, October 2017: Preparing for our future UK trade policy / The Trade Bill 2017-2019
The Economist, 05.04.18: The elusive art of the deal. The promised post-Brexit trade deal with America may never materialise
LSE Brexit: Blog, 25.06.18: Britain’s global negotiating position is weaker after the G7 Summit

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