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New US-UK Trade Negotiations: Economic Opportunities

This act grants the US President authority to initiate negotiations for a comprehensive trade agreement with the United Kingdom. The goal is to strengthen the economy, improve citizens' living standards, and create new export opportunities for businesses, farmers, and workers in both countries. It aims to facilitate trade and investment by removing tariffs and other barriers.
Key points
The US President has 180 days to begin trade negotiations with the UK to remove tariff and non-tariff barriers.
The agreement aims to enhance US economic competitiveness, create jobs, and improve foreign market access for American businesses and farmers.
Any tariff changes resulting from the agreement will have limitations, such as not being able to reduce tariffs below 50% of the current rate or increase them above the current rate.
Congress will be closely consulted and notified throughout the negotiations, and the final agreement will require its approval.
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Additional Information
Print number: 118_HR_3653
Sponsor: Rep. Smith, Adrian [R-NE-3]
Process start date: 2023-05-24
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OFFICIAL LEGAL TITLE

UNITED Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3653.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-24.

What are the main provisions?

Key points include:

  • The US President has 180 days to begin trade negotiations with the UK to remove tariff and non-tariff barriers.
  • The agreement aims to enhance US economic competitiveness, create jobs, and improve foreign market access for American businesses and farmers.
  • Any tariff changes resulting from the agreement will have limitations, such as not being able to reduce tariffs below 50% of the current rate or increase them above the current rate.
  • Congress will be closely consulted and notified throughout the negotiations, and the final agreement will require its approval.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Smith, Adrian [R-NE-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Trade.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy