Credited from: BBC
The United States has halted a $40 billion technology agreement known as the "Tech Prosperity Deal" with the United Kingdom due to concerns over Britain's digital regulations and food safety standards, according to Reuters, BBC, and Anadolu Agency.
This landmark agreement, unveiled during President Donald Trump's state visit in September, aimed to enhance cooperation in artificial intelligence, quantum computing, and civil nuclear energy, but has faced delays due to broader issues in US-UK trade negotiations. British Trade Secretary Peter Kyle recently visited the US to discuss maintaining momentum on the deal, but such efforts have met with challenges, as highlighted by the frustrations from US officials regarding the UK's trade policies, particularly non-tariff barriers, according to Reuters and Anadolu Agency.
The initial announcement of the deal was hailed by Prime Minister Keir Starmer as a "generational step change," emphasizing how it would significantly improve economic ties and innovation between the two nations. However, ongoing concerns over the Trade Prosperity Deal's implementation have led to a pause on advancements, as both sides grapple with differing regulatory frameworks, according to BBC and Anadolu Agency.
In light of these suspensions, British officials remain optimistic about reopening discussions in January, indicating their resolve to maintain a robust partnership with the US. They reiterated that the UK remains committed to ensuring the deal delivers substantial opportunities for citizens in both countries, a sentiment echoed by a government spokesperson, as reported by Reuters, BBC, and Anadolu Agency.