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UK Lands £1.25bn in US Finance Pledges Ahead of Trump State Visit

Ministers present the commitments as leverage to push progress on US steel tariffs still set at 25%.

Overview

  • UK officials say the private pledges are expected to create about 1,800 jobs across Belfast, Manchester, Edinburgh and London.
  • Citigroup will invest £1.1bn across its UK operations, Bank of America will open its first Northern Ireland base with up to 1,000 Belfast roles, S&P Global will invest £4m for around 200 Manchester jobs, and PayPal plans £150m for product growth.
  • The Department for Business and Trade links the announcements to roughly £20bn in bilateral trade commitments, with about £8bn to the UK and £12bn to the US, including an expected £7bn UK allocation by BlackRock.
  • The British Embassy in Washington signaled a forthcoming technology cooperation agreement, while reports suggest OpenAI and Nvidia intend to unveil multi‑billion UK data‑centre investments during the visit.
  • Tariffs on British steel exports to the US remain at 25% as MPs urge ministers to secure relief during state‑visit diplomacy.