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New US-UK Trade Rules: Opportunities for Businesses and Consumers

This act grants the U.S. President authority to negotiate a comprehensive trade agreement with the United Kingdom. The goal is to reduce trade barriers, potentially leading to more affordable products for consumers and new export opportunities for American businesses, farmers, and workers. The agreement aims to strengthen the U.S. economy and improve citizens' living standards.
Key points
The U.S. President gains authority to negotiate and enter into a trade agreement with the UK until March 2029.
The agreement aims to reduce or eliminate tariffs and other barriers, potentially lowering prices of imported goods and services.
It will support American businesses, farmers, and workers by opening new markets and increasing competitiveness.
Negotiations will consider labor and environmental protections, as well as peace in Northern Ireland.
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Introduced
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Additional Information
Print number: 119_HR_1743
Sponsor: Rep. Smith, Adrian [R-NE-3]
Process start date: 2025-02-27