President Joe Biden and Prime Minister of the United Kingdom Rishi Sunak arrive for a joint press conference in the East Room of the White House on June 08, 2023 in Washington, DC.
Despite a U.S.-U.K. trade deal remaining very much elusive, British Prime Minister Rishi Sunak and President Joe Biden signed a new "Atlantic Declaration" aiming to bolster economic security in the face of threats coming from Russia and China.
The agreement, announced Thursday at a joint press conference in the East Room of the White House, is a series of mini deals looking artificial intelligence, critical minerals, clean energy and security.
He highlighted £14 billion ($17.5 billion) of new U.S. investment that has been committed into the U.K., with the two sides also undertaking joint research in areas like quantum, semiconductors and AI.
The same document said Biden would ask Congress to label Britain as a "domestic source" within the U.S. Defense Production Act, giving suppliers in the country more favorable terms.
Persons:
Joe Biden, United Kingdom Rishi Sunak, Rishi Sunak, Biden
Organizations:
White House, British, White, U.S . Defense
Locations:
United Kingdom, Washington , DC, U.S, Russia, China, Britain, People's Republic of China