Trade Agreements: USA
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the UK-US trade agreement on UK aerospace supply chains.
Answered by Mr Douglas Alexander
On 16 June the US confirmed that certain UK aerospace products will no longer be subject to US tariffs. This deal is a win for the UK's world-class aerospace sector which was facing additional 10% tariffs, helping make companies more competitive and allowing them to continue to be at the cutting edge of innovation. The removal of US tariffs helps suppliers continue to do business in the US and deliver growth in the UK.
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