Companies have announced billions in new investments in the United States while President Donald Trump has been traveling and signing deals in the Middle East this week.
The president has traveled to Saudi Arabia, Qatar, and the United Arab Emirates so far this week to sign agreements and receive commitments that will generate roughly $2 trillion in trade and investment. At the same time, major companies have announced plans to invest billions more dollars into the United States.
Those corporate investments include: at least $20 billion over the next five years from the medical company Sanofi, $3 billion by Kraft Heinz to upgrade its U.S.-based manufacturing, a $1 billion investment from the energy company Carrier that will create an estimated 4,000 new jobs, a $300 million investment from Anheuser-Busch to improve the beer-maker’s manufacturing facilities, and a $150 million investment from Siemens Healthineers to expand production and relocate some manufacturing from Mexico to the United States.
The White House touted the new investments in a press release.
“While the President is securing historic investments on his trip in Middle East, billions of dollars’ worth of investments on the home front are pouring in. America is returning as the world’s manufacturing powerhouse thanks to President Trump’s leadership, brilliant economic agenda, and willingness to put America first,” White House spokeswoman Taylor Rogers told The Daily Wire in a statement.
The recent wave of investments comes as Trump has hopped around the Middle East signing and announcing massive economic commitments between the United States and some of the Gulf states.
On Thursday, Trump announced over $200 billion in commercial deals between the United States and the United Arab Emirates. The deals include a commitment from Etihad Airways to purchase $14.5 billion worth of aircraft from Boeing and GE Aerospace. Emirates Global Aluminum plans to spend $4 billion to build an aluminum smelter in Oklahoma, the first of such plants built in the United States in 45 years.
On Wednesday, Trump was in Qatar to announce a new defense agreement in which the United States will sell billions-worth of U.S. weaponry to Qatar. Trump also signed an agreement to “generate an economic exchange worth at least $1.2 trillion,” according to the White House.
Trump began his Middle East tour with a visit to Saudi Arabia on Tuesday with a $142 billion defense sales deal, the largest weapons deal in history. Saudi Arabia made a commitment to invest $600 billion in the United States.
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Companies have announced billions in new investments in the United States while President Donald Trump has been traveling and signing deals in the Middle East this week.
The president has traveled to Saudi Arabia, Qatar, and the United Arab Emirates so far this week to sign agreements and receive commitments that will generate roughly $2 trillion in trade and investment. At the same time, major companies have announced plans to invest billions more dollars into the United States.
Those corporate investments include: at least $20 billion over the next five years from the medical company Sanofi, $3 billion by Kraft Heinz to upgrade its U.S.-based manufacturing, a $1 billion investment from the energy company Carrier that will create an estimated 4,000 new jobs, a $300 million investment from Anheuser-Busch to improve the beer-maker’s manufacturing facilities, and a $150 million investment from Siemens Healthineers to expand production and relocate some manufacturing from Mexico to the United States.
The White House touted the new investments in a press release.
“While the President is securing historic investments on his trip in Middle East, billions of dollars’ worth of investments on the home front are pouring in. America is returning as the world’s manufacturing powerhouse thanks to President Trump’s leadership, brilliant economic agenda, and willingness to put America first,” White House spokeswoman Taylor Rogers told The Daily Wire in a statement.
The recent wave of investments comes as Trump has hopped around the Middle East signing and announcing massive economic commitments between the United States and some of the Gulf states.
On Thursday, Trump announced over $200 billion in commercial deals between the United States and the United Arab Emirates. The deals include a commitment from Etihad Airways to purchase $14.5 billion worth of aircraft from Boeing and GE Aerospace. Emirates Global Aluminum plans to spend $4 billion to build an aluminum smelter in Oklahoma, the first of such plants built in the United States in 45 years.
On Wednesday, Trump was in Qatar to announce a new defense agreement in which the United States will sell billions-worth of U.S. weaponry to Qatar. Trump also signed an agreement to “generate an economic exchange worth at least $1.2 trillion,” according to the White House.
Trump began his Middle East tour with a visit to Saudi Arabia on Tuesday with a $142 billion defense sales deal, the largest weapons deal in history. Saudi Arabia made a commitment to invest $600 billion in the United States.
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