A Natural Partnership
The Possibilities of a UK-US Trade Deal

The UK-US trade relationship is characterised by a high degree of interdependence, with both countries benefiting significantly from the exchange of goods and services. The US is a major market for UK exports, particularly in the services sector, while the UK is a significant importer of US goods, including fuel, machinery, pharmaceuticals, and agricultural products.

This paper has sought to establish the true potential for a comprehensive trade agreement between the US and the UK to further enhance this relationship, going further than the Economic Prosperity Deal. Such an agreement would not only eliminate tariffs and quotas, thereby reducing costs for consumers and businesses, but also address non-tariff barriers that currently hinder trade and provide the UK with more reliable supply chains. By recognising each other’s regulatory standards and simplifying customs procedures, both countries could facilitate smoother and more efficient trade flows.