US president Joe Biden and UK prime minister Rishi Sunak agreed an “Atlantic declaration” to strengthen economic ties between the two countries on Thursday, in a further sign of the allies turning their back on globalisation and trying to cut China out of supply chains.
The declaration aims to increase US-UK trade in areas such as defence, nuclear materials and the critical minerals used in electric-car batteries, as Biden tries to build “economic security” among western allies.
Biden, speaking after talks between the two in the White House, endorsed Sunak’s attempt to lead a debate on regulating artificial intelligence, including hosting the first global summit on the issue this autumn.
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