Headlines

UK and US to announce tech, energy deals during Trump visit

Published by Global Banking & Finance Review

Posted on September 14, 2025

3 min read

· Last updated: January 21, 2026

Add as preferred source on Google
Selwood Asset Management advocates for Louis Hachette market listing change - Global Banking & Finance Review
The image illustrates Selwood Asset Management's proposal for Louis Hachette to change its stock market listing, emphasizing potential growth and visibility in the finance sector.
Global Banking & Finance Awards 2026 — Call for Entries

By Andrew MacAskill LONDON (Reuters) -The United States and Britain will announce agreements on technology and civil nuclear energy during U.S. President Donald Trump's unprecedented second state

UK and US Set to Unveil Tech and Energy Agreements During Trump's Visit

US-UK Agreements During Trump's Visit

By Andrew MacAskill

Key Agreements on Technology and Energy

LONDON (Reuters) -The United States and Britain will announce agreements on technology and civil nuclear energy during U.S. President Donald Trump's unprecedented second state visit this week, as the UK hopes to finalise steel tariffs under a much-vaunted trade deal.

Investment Announcements Prior to Visit

Trump and his wife, Melania, will be treated to a display of British royal pageantry during their visit on Wednesday, including a carriage tour, a state banquet, a flypast by military aircraft and a gun salute.

Cultural and Defense Ties

The British government hopes the soft power of the royals will appeal to Trump as it seeks tighter defence, security and energy ties with Washington, having already secured a favourable tariff deal.

STARMER HOPES TO SEAL LOWER TARIFF RATES

Prime Minister Keir Starmer will host Trump at his Chequers country residence on Thursday to discuss working more closely together, on issues like Ukraine, and with the aim of finalising promised lower tariffs for steel and aluminium.

A spokesperson for Starmer said the leaders would sign "a world-leading tech partnership" and "a major civil nuclear deal" during the trip.

"The UK-U.S. relationship is the strongest in the world," Starmer's spokesperson told reporters. "This week we are delivering a step change in that relationship."

The British leader, a technocrat and a self-proclaimed socialist, and Trump, a proudly unpredictable politician who has pushed the Republican Party further to the right, have overcome their differences to develop a good working relationship.

Starmer was the first world leader to agree an economic deal with Trump on reducing his global tariffs.

Under that agreement, the United States said it planned to reduce tariffs on imports of cars and aluminum and steel. While details on car tariffs were agreed in June, the deal for steel and aluminium is yet to be finalised.

"When it comes to steel, we will make sure that we have an announcement as soon as possible," British business minister Peter Kyle told the BBC on Sunday.

INVESTMENTS FLOW, MANDELSON SCANDAL

Before Trump's arrival, Britain on Saturday announced over 1.25 billion pounds ($1.69 billion) of U.S. investment from PayPal, Bank of America and others, while Nvidia and OpenAI are expected to announce investment deals as part of the technology agreement, according to sources, who asked not to be named.

CoreWeave, a U.S. cloud computing provider, also said it would announce investments in Britain this week.

A delegation of British officials will be in the United States on Monday to finalise the details of Trump's visit, Starmer's spokesperson said.

Those talks will be complicated by Starmer's decision last week to fire Peter Mandelson, his ambassador to the United States, over his ties with the late convicted U.S. sex offender Jeffrey Epstein.

The sacking is deeply embarrassing for Starmer, who appointed him to Britain's most desirable diplomatic post less than a year ago.

This will be Trump's second visit to Britain in the last two months after he spent time in Scotland at his golf courses at the end of July.

During this week's visit, Starmer's spokesperson said there would also be announcements on deepening cultural ties, including promoting basketball in Britain and developing partnerships between heritage and art institutions.

($1 = 0.7377 pounds)

(Reporting by Andrew MacAskill, additional reporting by Sarah Young;Editing by Ros Russell)

Key Takeaways

  • UK and US to announce tech and energy agreements.
  • Focus on finalizing steel tariffs under trade deal.
  • Trump to be hosted by Prime Minister Starmer.
  • Over £1.25 billion US investment announced.
  • Cultural ties to be deepened, including basketball promotion.

Frequently Asked Questions

What is technology investment?
Technology investment refers to the allocation of resources, typically financial, into technology companies or projects with the expectation of generating returns.
What is civil nuclear energy?
Civil nuclear energy refers to the use of nuclear reactions to generate electricity for civilian purposes, as opposed to military applications.
What are steel tariffs?
Steel tariffs are taxes imposed on imported steel to protect domestic steel producers from foreign competition.
What is a state visit?
A state visit is an official visit by a head of state to another country, often involving formal ceremonies and meetings.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category