1、 https:/crsreports.congress.gov Updated February 17, 2022U.S.-UK Trade RelationsThe United Kingdom (UK) is a major U.S. trade and economic partner. Given their scope, size, and economic and political significance, U.S.-UK trade relations are of congressional interest. Areas of inquiry may include U.
2、S. efforts to: address specific bilateral trade issues; potentially seek more U.S.-UK trade liberalization; and strengthen relations with the UK, among other allies, including by addressing global trade challenges of shared concern. UK Economy At $2.8 trillion in gross domestic product (current U.S.
3、 dollars) in 2020, the UK was the worlds fifth-largest economy and Europes second-largest, after Germany. Services comprised 80% of the UK economy. In 2020, the UK economy shrank by 9.4%, the largest contraction of many advanced countries, amid the Coronavirus Disease 2019 (COVID-19) pandemic and th
4、e UKs withdrawal from the European Union (EU) (“Brexit,” see textbox). Brexit: Key Facts and Changes On January 31, 2020, the UK withdrew from the EU. After a transition period, the UK left the EU single market and customs union on January 1, 2021, regaining control over its trade policy. Brexit out
