![]() ![]() The deal mitigates some of the issues cause by Mr Biden's Inflation Reduction Act (IRA), with proposals for a critical minerals agreement to remove barriers which affected trade in electric vehicle batteries.Īn agreement would give buyers of vehicles made using critical minerals processed, recycled or mined by UK companies access to tax credits in line with the IRA. The leaders also warned of the dangers posed by artificial intelligence (AI), with Mr Sunak warning that it needed the same 'spirit of urgency' as the fight against climate change. Pressed on the trade deal, Mr Sunak insisted at a press conference 'the economic relationship between our two countries has never been stronger'. However, there still appears to be no immediate prospect of a trade deal - which was very much on the cards when Donald Trump was commander-in-chief. The Atlantic Declaration, announced as the Prime Minister and US president met in smoky Washington, includes commitments on easing trade barriers, closer defence industry ties and a data protection deal.īut it falls short of a full free-trade deal with the United States. Mr Sunak has spent a great deal of political capital on improving the so-called 'Special Relationship', seen as having been battered by rows over Northern Ireland Brexit rules. The Prime Minister said Britain was a 'confident, proud and free' nation after leaving the European Union as he met the president at the White House for the first time. Rishi Sunak hailed the 'indispensable alliance' between the UK and US tonight as he revealed a new transatlantic trade and defence security deal with Joe Biden's administration.
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