business

U.S. Chamber Of Commerce Applauds Momentum Toward A U.S-Uk Trade Agreement

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Marjorie Chorlins, Senior Vice President for Europe at the U.S. Chamber of Commerce, issued the following statement in response to the meeting between President Donald Trump and Prime Minister Keir Starmer at the White House:

“The U.S. business community is encouraged by the strong signals coming out of yesterday’s White House meeting. President Trump and Prime Minister Starmer’s commitment to a new economic framework is exactly the kind of forward-looking leadership that will drive growth, innovation, and job creation on both sides of the Atlantic.”

“We are at a pivotal moment. The UK is the single largest investor in the U.S., and our bilateral economic ties support millions of jobs on both sides of the Atlantic. A next-generation trade deal—one reducing barriers, fostering collaboration in cutting-edge industries, and ensuring our businesses remain globally competitive—is the logical next step. The U.S. Chamber’s U.S.-UK Business Council stands ready to support efforts to turn this vision into reality.”

“That’s why we strongly applaud the introduction of the Undertaking Negotiations on Investment and Trade for Economic Dynamism (UNITED) Act by Senators Coons and Moran and Representatives Adrian Smith and Jim Himes. This legislation sends a clear, bipartisan signal that Congress is committed to re-engaging with the UK on a modernized trade agreement.”

“Now is the time to seize the opportunity. We urge the administration to move quickly and work with the UK to formalize a framework that delivers tangible benefits for businesses and consumers in both nations.”

 
The signals from the White House tonight would suggest this was a successful meeting from a UK trade perspective.

Businesses will be encouraged by the news of ‘productive discussions’. Investment and trade links between the UK and US are balanced, run deep, and are mutually beneficial for jobs, growth, and innovation in both our countries.

There is £700bn of US investment in the UK, and £300bn in annual bilateral trade, with services a real success story.

But stronger trade with the US does not mean that our relationships with the EU, China and wider Asia-Pacific region must take a backseat. Indeed, the remarks by both leaders suggest UK business is right to have this ambition.

 Further negotiations on trade and technology mean there is a real opportunity to take the heat out of the uncertainty created by the risk of tariffs on UK exports.

Recent research by the BCC Insights Team found that 63% of exporting manufacturers were worried about this threat. Tonight’s meeting can give real hope that this likelihood will now start to recede in the coming weeks.

 The BCC wants to see tariffs kept low, our technology links improved, and practical outcomes to lower trading costs, including customs, for business on both sides of the Atlantic.

This meeting was a highly encouraging first step, although we are not fully out of the woods yet. We look forward to engaging with the UK Government and the US Administration on securing the best possible outcomes in the days ahead.

William Bain, BCC Head of Trade Policy

The shortened address for this article is: newspub.uk/01tu8

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