Written question asked by Lord Taylor of Warwick (Non-affiliated) on Tuesday, 21 January 2025, in the House of Lords. It was due for an answer on Tuesday, 4 February 2025. It was answered by Baroness Jones of Whitchurch (Labour) on Tuesday, 4 February 2025 on behalf of the Department for Business and Trade.

Trade: USA

Question: To ask His Majesty's Government what steps they are taking to strengthen trade relations with the United States following the inauguration of a new President.

Original answer: The UK-US partnership is a cornerstone of the transatlantic alliance and we look forward to working with President Trump in the coming years. Our trading relationship with the US is worth around £300 billion and we are each other’s single largest investors with £1.2 trillion invested in each other’s economies. We will explore various avenues to strengthen UK-US trade and support economic growth, alongside the development of our Industrial and Trade Strategies.

The answer was corrected by Baroness Jones of Whitchurch (Labour)

on Thursday, 20 February 2025 on behalf of the Department for Business and Trade.

Corrected answer: The UK-US partnership is a cornerstone of the transatlantic alliance and we look forward to working with President Trump in the coming years. Our trading relationship with the US is worth around £300 billion and we have over~~are each other’s single largest investors with~~ £1.2 trillion invested in each other’s economies. We will explore various avenues to strengthen UK-US trade and support economic growth, alongside the development of our Industrial and Trade Strategies.

Secondary information