Biden, UK’s Sunak Agree to Launch Talks on Critical Minerals Pact
- Americans buying UK cars could qualify for a $3,750 tax credit
- US will seek to make UK a ‘domestic source’ under defense act
Rishi Sunak and Joe Biden
Photographer: Bonnie Cash/UPI/Bloomberg
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US President Joe Biden and UK Prime Minister Rishi Sunak agreed to open negotiations on a trade pact that could help British automakers qualify for electric car subsidies and speed the joint development of advanced weapons like hypersonic missiles after meeting Thursday at the White House.
The package — billed by Sunak as the “Atlantic Declaration” — would see the US and UK begin talks on a trade deal over critical materials like cobalt, graphite, and nickel that are crucial to batteries used in electric vehicles.