Finance

UK trade minister aims for Washington trip by end of the year

Published by Global Banking & Finance Review

Posted on December 9, 2025

2 min read

· Last updated: January 20, 2026

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UK trade minister aims for Washington trip by end of the year
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By Alistair Smout LONDON (Reuters) -Britain's trade minister Peter Kyle is aiming to visit Washington before the end of the year to progress negotiations over sectors such as pharma and steel, he said

UK Trade Minister Plans Year-End Washington Visit for Talks

By ‌Alistair Smout

LONDON (Reuters) -Britain's trade minister Peter Kyle is aiming ‍to ‌visit Washington before the end of the year ⁠to progress negotiations over ‌sectors such as pharma and steel, he said on Monday.

Britain in May was the first country to secure ⁠partial relief from U.S. President Donald Trump tariffs, but elements of ​that deal have not been finalised, ‌including a commitment to ⁠work to lower steel tariffs faced by UK firms to zero and work together on the ​pharmaceutical sector.

Kyle told reporters he was "hoping to go to the U.S. before Christmas," to progress talks.

The pharmaceutical industry has criticised Britain's approach to drug ​pricing, ‍and Trump has ​said Britain and Europe should pay more for drugs.

Several firms have paused investment plans in Britain and talks over a voluntary pricing scheme have stalled.

Kyle said the voice of the pharma industry was ⁠incredibly important and was "something that we've been working really hard on."

"The companies ​themselves, they play hardball in their negotiations, and we are playing hardball in the interests of everyday people," Kyle said. "So we are ‌finding our way through this that will deliver for patients."

(Reporting by Alistair Smout; editing by Sarah Young)

Key Takeaways

  • UK trade minister Peter Kyle plans to visit Washington before year-end.
  • The visit aims to progress negotiations on pharma and steel sectors.
  • UK seeks to lower US steel tariffs to zero.
  • Pharmaceutical pricing remains a contentious issue.
  • Investment plans in the UK have been paused by several firms.

Frequently Asked Questions

What are steel tariffs?
Steel tariffs are taxes imposed on imported steel products. They are intended to protect domestic steel manufacturers from foreign competition by making imported steel more expensive.
What is trade negotiation?
Trade negotiation is the process by which countries discuss and agree on the terms of trade, including tariffs, quotas, and regulations, to facilitate international commerce.
What is Brexit?
Brexit refers to the United Kingdom's decision to leave the European Union, which was finalized on January 31, 2020. It has significant implications for trade, immigration, and economic policies.
What is the UK economy?
The UK economy is a highly developed and market-oriented economy, characterized by a diverse range of industries, including finance, manufacturing, and services. It is one of the largest economies in the world.

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