New US-UK Trade Deal: Economic Opportunities Ahead
This act grants the U.S. President authority to negotiate a comprehensive trade agreement with the United Kingdom. The goal is to strengthen the economy, improve citizens' living standards, and boost export opportunities for businesses. This is expected to benefit workers, farmers, and companies.
Key points
The U.S. President must initiate trade negotiations with the UK within 180 days to address tariff and non-tariff barriers.
The agreement aims to increase trade and investment, potentially leading to more available products and services and new job opportunities.
Negotiations will uphold high standards for labor rights and environmental protection, similar to those in the USMCA agreement.
Any trade agreement must honor the Good Friday Agreement to promote peace in Ireland and Northern Ireland.
Introduced
Additional Information
Print number: 119_S_776
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2025-02-27