pull down to refresh

Trump Secures Historic $600 Billion Investment Commitment in Saudi Arabiawww.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-historic-600-billion-investment-commitment-in-saudi-arabia/
70 sats \ 3 comments \ @Coinsreporter 16h econ
Trump is a CHAMPION! He's creating history everyday!
No objection to both but .....
Saudi direct investment in the United States totaled $9.5 billion in 2023, focused on the transportation, real estate, and automotive sectors.
In 2024, U.S.-Saudi Arabia goods trade totaled $25.9 billion, with U.S. exports at $13.2 billion, imports at $12.7 billion, and a trade surplus in goods of $443 million.
Is a $600 Billion, which Trump actually wanted to br $1 trillion, even realistic?
write
preview
related posts
10 sats \ 2 replies \ @Undisciplined 15h
If it's an investment, it doesn't need to be related to bilateral trade volume. They're always looking for stuff to do with their oil revenue.
reply
81 sats \ 1 reply \ @028559d218 9h
That's what I think too. The US doesn't need 'deals'. If it's a good investment the foreigners will do it anyway... it doesn't require a visit from the president like he's 'the strongman leader' 'arranging deals' anytime he talks to a foreign country.
Why do people believe this stuff?
reply
0 sats \ 0 replies \ @Undisciplined 9h
There are two basic scenarios and neither is good:
  1. Trump (or any other leader) is taking credit for something they weren't needed for
  2. Trump (or any other leader) granted special concessions to particular countries or companies to get the deal done
A third option is possible, though: making reasonable policy assurances that will apply to everyone and are sufficient to attract the investment.
reply