UK-US Trade Deal: A Step Forward, With More To Do
Tuesday 17 June 2025
The London Chamber of Commerce and Industry welcomes the formalisation of key aspects of the UK–US trade deal at the recent G7 Summit. Tariff reductions on UK car imports and the removal of duties on aerospace products represent tangible progress, offering much-needed certainty for London’s globally competitive sectors and the jobs they sustain.
However, the continued application of tariffs on UK steel and aluminium exports remains a pressing concern for London’s business community. Our latest Capital 500 survey reveals that nearly three in ten firms report a direct negative impact on their operations due to US trade barriers, highlighting the real and ongoing headwinds facing internationally engaged businesses. Many are being forced to adapt by pivoting towards EU or domestic markets, reconfiguring supply chains, or developing new products, signalling a clear need for long-term clarity and a level playing field.
We urge both governments to maintain momentum toward a broader, balanced agreement that addresses these barriers. Open, fair, and reciprocal trade with the United States is not only vital for London’s global competitiveness - it is essential to securing long-term growth, resilience, and stability for businesses across the capital.
The Quarterly Report Survey for Q2 2025 is now ready to download.