In what could be a monumental development for the US economy, President Donald Trump has officially secured a $1.2 trillion economic commitment from Qatar. Indeed, Trump signed the new landmark economic deal amid the first foreign trip of his second term, according to a White House press release.
The agreement comes just a day after the administration reached a $600 billion investment deal with Saudi Arabia. Specifically, that move had been called the “largest defense sales agreement in history,” according to CBS, as the US continues to deepen ties to the Middle East.
JUST IN: 🇺🇸🇶🇦 President Trump secures $1.2 trillion economic commitment with Qatar. pic.twitter.com/cLdFqurLOJ
— Watcher.Guru (@WatcherGuru) May 14, 2025
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Trump Signs 2nd Major Deal This Week in New $1.2 Trillion Agreement With Qatar
Since the start of the year, the US dollar and stock market have certainly struggled. In late April, the greenback fell to a three-year low on the heels of the country’s America-First tariff plans. The move led to increased volatility and a potential trade war with China. However, things have taken a notable turn for the administration this week.
Not only has it secured a tariff pause from Beijing, but it has struck two major deals with Middle Eastern nations. Indeed, US President Trump has officially secured a $1.2 trillion economic deal with Qatar amid his first major foreign trip since his return to the White House.
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Additionally, the administration announced “economic deals totaling more than $243.5 billion between the United States and Qatar.” Specifically, those include a historic agreement to buy 160 Boeing planes in what is the largest order in history. That deal will reportedly support 154,000 US jobs per year, according to the White House.
The new agreement will also mark the administration’s “intent to accelerate Qatar’s defense investment in the US-Qatar security partnership,” the press release states. Conversely, in 2024, the US trade surplus with Qatar reached $2 billion. Moreover, the two sides have been positive trade partners for more than two decades, with the latest agreement looking to deepen relations and cooperation on a variety of fronts.