U.S. Senator J.D. Vance expressed optimism today about the prospects of a new trade deal between the United States and the United Kingdom, saying there is a “good chance” an agreement could be reached soon.

Speaking during a forum on international trade policy in Washington, Vance emphasized the strong historical and economic ties between the two nations.

“We have every reason to believe that a fair and mutually beneficial trade agreement is within reach,” Vance said.

He highlighted sectors such as technology, manufacturing, and agriculture as key areas that could benefit significantly from an expanded transatlantic trade relationship.

Negotiations between the two countries have been ongoing for several months but have encountered challenges over regulatory standards and tariffs.

Vance noted that both sides have shown “genuine goodwill” in working through complex issues, including labor protections and food safety regulations.

A successful trade deal could bolster economic growth on both sides of the Atlantic, particularly as both countries face growing global competition.

British officials have also voiced optimism, with U.K. Trade Secretary Kemi Badenoch recently stating that a deal could come together “within months.”

However, some analysts caution that political shifts in either country could complicate the timeline and final terms of any agreement.

Vance acknowledged the hurdles but remained positive, saying, “We must seize this moment to solidify one of the most important alliances in the world.”

He also pointed out that a US-UK trade agreement would send a strong signal to global markets about the resilience and adaptability of Western economies.

If completed, the deal would represent a significant economic milestone post-Brexit, offering the U.K. a major bilateral success outside the European Union.

Business groups on both sides have urged negotiators to prioritize easing tariffs, streamlining regulatory approvals, and enhancing market access for small businesses.

Vance concluded by stating that while “nothing is guaranteed in politics,” the momentum behind the discussions offers “real reason for hope.”