Trump and Starmer seal $350 billion tech deal for jobs and energy

In a significant development, President Donald Trump and U.K. Prime Minister Keir Starmer announced a major economic agreement during Trump's recent state visit to the United Kingdom. The agreement, named the 'Tech Prosperity Deal', is reportedly valued at $350 billion and aims to enhance technological collaboration between the U.S. and the U.K. By harnessing advanced technology sectors, the deal is expected to create approximately 15,000 jobs in the U.K. and 2,500 jobs in the U.S., providing notable economic benefits to both countries. The pact emphasizes the importance of nuclear energy investment, as it includes plans for the development of 12 new advanced nuclear reactors. This initiative is designed to meet the growing energy demands driven by emerging technologies while enhancing energy security on both sides of the Atlantic. Notably, the reactors are aimed at powering up to 1.5 million homes, effectively linking energy needs with advancements in tech industries like AI, quantum computing, and civil infrastructure. During a press conference held at Chequers, Starmer highlighted that this agreement represents the largest investment package of its kind in British history. He claimed that it would provide essential energy for millions of households and decrease energy bills, while simultaneously fostering collaboration among major corporations, including Google, Nvidia, Microsoft, and Open AI. Trump praised the deal as a remarkable initiative that strengthens the longstanding bond between the U.S. and the U.K., and he underscored the economic value it is expected to generate, estimating around $50 billion. Their discussions also ventured into current geopolitical issues, addressing conflicts in Ukraine and the Middle East. Starmer condemned recent actions by Russian President Vladimir Putin as revealing a lack of interest in peace, asserting the need for international cooperation in providing security and humanitarian aid in conflict zones. Trump voiced his disappointment in Putin's strategies, reflecting their divergent views on foreign relations, particularly regarding the challenges posed by Russia's military actions. The joint commitment to enhance collaboration signals a potential shift towards a closer alliance, with both leaders aiming to shape future policies based on mutual interests and shared values.