FDF responds to a new economic agreement with the US

Karen Betts, Chief Executive, The Food and Drink Federation (FDF), said:

"This is very positive news for the UK economy, and to be welcomed. There is obviously still the question of the 10% tariff that continues to apply to food and drink exports.  We hope that this deal creates the space and momentum for continued discussions about removing those tariffs too.

"The US is UK food and drink’s third biggest export market, with £2.7bn worth of goods exported there in 2024, many of which are produced by small and medium sized businesses. Government can make a real difference here by providing greater practical guidance and support to help more food and drink businesses find new customers abroad."

Background

• In 2024 the UK exported £2.7bn worth of food and drinks to the US (Source: FDF Trade Snapshot)
• This includes exporting 1 billion cups of tea and 1 billion biscuits to the US in 2024