Mr Trump's team is drawing up a new deal for the UK.
Amid global protests over the weekend against his presidency, the billionaire Republican’s team worked with Downing Street to confirm plans for talks at the White House.
In a reflection of the Thatcher-Reagan style relationship the new US President aims to recreate with the Prime Minister, Mr Trump has even started to call Mrs May “my Maggie”.
Among the plans mooted by Mr Trump’s team was a new “passporting” system aimed to diminish trade barriers between American and British banks.
The scheme would allow British and US firms to set up trade in both countries with low amounts of regulation.
Britain currently has a similar deal the EU, but bitter Brussels bureaucrats have threatened to scrap it after Brexit is complete.
The President has made clear he wants an extravagant state visit in the summer.
Government officials are hoping a new trade deal with the US will strengthen Mrs May's Brexit hand.
The prospect of a new deal with the US, however, has excited Whitehall officials who believe the move might strengthen the Prime Minister’s hand in Brexit negotiations.
One official told the Sunday Telegraph: “It would make them realise we’re not bluffing about building a future beyond the EU, and come to the table with a good Brexit deal.”
In another attempt to pinpoint obstructions between the two countries, a “working group” is also being prepared to provide the foundation for a future trade deal.
Donald Trump becomes 45th U.S. PRESIDENT
Fri, January 20, 2017
The inauguration of Donald Trump as the 45th President of the United States will mark the commencement of the four-year term of Donald Trump as President and Mike Pence as Vice President. A public ceremony will be held on Friday, January 20, 2017, on the West Front of the United States Capitol Building in Washington, D.C.
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US President Donald Trump points to the stands as he walks with his wife Melania during the Inaugural Parade.
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And a joint statement on defence is expected to demand EU countries promise to assist with the destruction of Isis and commit to a minimum of two per cent GDP spending on defence.
The new relationship – which could spell an end to the increasingly distant bond between the US and Britain over the course of Barack Obama’s presidency – is expected to be sealed by a state visit for the President in the summer.
Mr Trump’s administration has reportedly told the Downing Street he expects a “full Monty” visit which surpasses those of his predecessors in extravagance – including a round of golf at Balmoral, under the Queen’s gaze.
A source close to the President told the Sunday Telegraph: “He doesn’t want to do what Obama did during his state visit to the UK, he wants to go one better.”