Photo: Marie Claire
High-Stakes Business Deals
President Donald Trump’s second state visit to the U.K. brings more than ceremonial pomp. Major U.S. companies including BlackRock, Alphabet, and Blackstone are expected to announce multi-billion-dollar investments in U.K. assets. Energy partnerships, including projects in nuclear power, are also set to expand, signaling a “golden age” of transatlantic business cooperation.
These deals come at a critical time for the U.K., which has faced declining business sentiment following recent tax increases and domestic political turbulence. Officials hope that the announcements will not only create jobs and foster growth but also signal global confidence in the U.K. economy.
Trade Deal Implementation
The U.K. is keen to solidify commitments under the recently signed U.S.-U.K. “economic prosperity deal.” While the baseline tariff for most goods is set at 10%, steel and aluminum exports are still subject to 25% duties, compared to 50% for other countries.
Discussions between Prime Minister Keir Starmer and President Trump at Chequers are expected to focus on refining the trade deal and ensuring key provisions are fully implemented. Former U.S. Ambassador Anthony Gardner highlighted that completing the trade deal remains a top priority, noting that initial agreements are promising but not yet comprehensive.
Steel and Aluminum Tariffs Under Scrutiny
The U.K. hopes to see the 25% steel and aluminum tariffs lifted to zero, as outlined in the original trade framework. Steel exports to the U.S. accounted for £370 million ($505 million) in 2024, roughly 7% of total U.K. steel exports. Most exports are high-value, specialized products that do not undercut U.S. domestic production.
However, reports indicate that a proposed agreement to remove these tariffs has been delayed indefinitely, leaving British officials and industry leaders waiting for clarity.
Boosting Confidence Amid Political Challenges
Beyond trade and business, the state visit is also seen as a chance to restore confidence in the U.K. government. Starmer faces mounting domestic challenges, including the resignation of Deputy Prime Minister Angela Rayner following a house tax scandal and a major cabinet reshuffle. The firing of U.K. Ambassador to the U.S. Peter Mandelson over his links to Jeffrey Epstein further intensified scrutiny on the prime minister’s leadership.
Geopolitical analysts emphasize that the visit is about more than deals—it’s about reinforcing the “special relationship” between the U.K. and the U.S. and projecting stability and unity on the global stage. U.S. Trade Secretary Scott Bessent described the visit as historic, noting that Trump is the only U.S. president to be granted two state visits, underscoring its significance for transatlantic ties.
The combination of high-profile investments, trade negotiations, and diplomatic pageantry highlights the multifaceted goals Britain hopes to achieve from Trump’s visit, offering both economic opportunities and a symbolic boost to its global standing.