UK Parliament Launches Inquiry into Trade Relations with the U.S. Amidst New Strategic Measures
The UK House of Commons Business and Trade Committee has initiated an inquiry into the Economic Prosperity Deal (EPD) with the U.S., assessing its effectiveness amid ongoing tariff barriers. This inquiry and the potential implementation of new anti-coercion powers indicate a significant shift in the UK's trade strategy, aiming to enhance economic security and market access for UK businesses.
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On April 13, 2026, the UK House of Commons Business and Trade Committee commenced an inquiry focused on the Economic Prosperity Deal (EPD) with the United States, examining its effectiveness in mitigating tariffs imposed in 2025. The inquiry will evaluate the current state of trade barriers, the impact of agreements like the Pharmaceutical Arrangement, and future priorities for trade negotiations, including the status of the Technology Prosperity Deal (TPD).
The Committee also seeks input on the UK-U.S. Memorandum of Understanding regarding critical minerals and overall economic security. Concurrently, the UK is considering new defensive trade powers to counter adverse economic pressures, drawing parallels to the EU Anti-Coercion Instrument. This dual approach may reshape UK trade policy and enhance resilience against external economic threats.
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