Trump, Starmer Seal Record $340 Billion ‘Tech Prosperity Deal’

LONDON—U.S. President Donald Trump on Sept. 18 met with British Prime Minister Keir Starmer at Chequers, the prime minister’s country residence situated 30 miles northwest of central London, where they announced a new partnership worth 250 billion pounds ($340 billion) in technology, nuclear power, and private equity.

After spending a day at Windsor Castle marked by a royal spectacle and hospitality, Trump bid farewell to King Charles III in the morning before heading to his meeting with the prime minister. He called Charles “a great king” and a “great gentleman.”

Trump and Starmer first held a bilateral meeting, followed by a business reception.

“The deals and investment that you’re announcing today break all records,” Starmer told U.S. business leaders at Chequers, a 16th-century manor house near the village of Ellesborough in Buckinghamshire. “What a day, 250 billion pounds flowing both ways across the Atlantic.

“It is the biggest investment package of its kind in British history by a country mile.”

Both leaders signed an accord called the “Tech Prosperity Deal.”

Trump called the partnership a “historic agreement.”

“This will create new government, academic, and private sector cooperation in areas such as [artificial intelligence], which is taking over the world,” Trump said.

“This new accord is already helping spur a massive wave of private sector deals worth over $350 billion alone, headlined by $136 billion from Blackstone.”

Blackstone, the U.S. private equity giant, committed to investing 100 billion pounds ($136 billion) into UK assets over the next decade.

Starmer said U.S. companies, including Nvidia, OpenAI, Google, and Salesforce, also announced plans for artificial intelligence investments in the UK.

Both leaders also talked about nuclear power partnerships, hailing the deal between UK company Centrica and U.S. company X-energy to build up to 12 advanced modular reactors across the UK.

Trump said secure energy is essential for artificial intelligence development and that this nuclear deal will enable both countries to “dominate the future of artificial intelligence.”

Trump is set to return to Washington tonight after wrapping up his meetings and holding a joint news conference at Chequers.

The list of corporate leaders who joined Trump’s UK trip includes OpenAI’s Sam Altman, Nvidia’s Jensen Huang, Apple’s Tim Cook, Blackstone’s Stephen Schwarzman, BlackRock’s Larry Fink, media mogul Rupert Murdoch, Bank of America’s Brian Moynihan, Microsoft’s Satya Nadella, and Lockheed Martin’s Jim Taiclet.

The nuclear energy deal is aimed at achieving “full independence from Russian nuclear fuel by 2028,” a senior U.S. official told reporters during a call previewing the UK trip.

In addition to business deals, the UK aims to tackle trade issues such as high steel tariffs, as well as the wars in Ukraine and the Gaza Strip.

In July, Starmer announced that the UK would recognize a Palestinian state in September if Israel did not agree to a cease-fire.

“We are committed to recognising a Palestinian state as a contribution to a renewed peace process which results in a two-state solution with a safe and secure Israel alongside a viable and sovereign Palestinian state,” the government said in a statement.

Responding to Starmer’s announcement, Trump told reporters on July 29 that to push for a two-state solution would be to reward the Hamas terrorist group after its terrorist attacks.

At a state banquet on the evening of Sept. 17 in honor of Trump and U.S. First Lady Melania Trump, King Charles commended the U.S. leader for his “personal commitment” to addressing some of the world’s most pressing conflicts.

The white-tie event at St. George’s Hall in Windsor Castle hosted 160 guests who were seated at a single giant table that was 155 feet long.

“This is truly one of the highest honors of my life,” Trump said during his speech at the banquet.

Trump and King Charles both hailed the deep ties between the two countries.