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.