Jurisdiction(s):
United Kingdom

UK-US Economic Prosperity Deal: non-binding general terms, interim tariff and quota impacts, non-tariff measures, digital trade and economic security - guidance for UK lawyers under current US tariffs

Published by a LexisNexis International Trade expert

Practice notes

This Practice Note sets out guidance on the newly unveiled United Kingdom-United States Economic Prosperity Deal (UK-US EPD). It therefore explains the legal implications of the UK-US EPD, considers how it interacts with existing US tariff measures, and outlines the broad parameters for negotiating the ultimate UK-US EPD as these concern the principal facets of trade between the UK and the US.

Introduction

Since entering office in 2025, President Trump has brought in substantial duties on goods arriving in the US. He began with a 10% levy on all Chinese products, later lifting it stepwise until it hit 145%. He also raised tariffs on specified items entering the US from any country. In March 2025, a 25% import charge on steel and aluminium came into force. Similarly, from April 2025, every imported vehicle was subject to a 25% duty. In early April a baseline tariff of 10% likewise applied to imports of virtually all products from almost all nations. Soon after, President Trump unveiled so-called ‘reciprocal tariffs’ targeting numerous countries. In many cases these reciprocal duties greatly exceeded the imposed baseline rate. Shortly after revealing the reciprocal tariffs, President Trump offered limited relief. In terms of these tariff measures alone...

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Web page updated on 22/05/2026

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