U.S. President Donald Trump concluded his Gulf tour claiming over $2 trillion in deals to benefit the U.S. economy. However, Reuters’ tally of announced deals totals around $700 billion, with many agreements being non-binding memorandums of understanding (MoUs) rather than finalized contracts.
The trip featured large orders for Boeing aircraft, defense equipment sales, technology partnerships, and other contracts. Experts warn the headline figures are inflated as deals are often counted before they materialize. For example, Saudi Arabia and Qatar defense deals amount to about $730 billion combined, but the timing and execution remain uncertain.
During Trump’s first term, similar claims for Saudi deals did not fully translate into actual trade or investments. White House spokeswoman Anna Kelly defended the announcements, highlighting Trump’s reputation as the “Dealmaker in Chief.”
Key agreements include Saudi Aramco’s $90 billion in MoUs on AI and infrastructure, Qatar Airways’ $96 billion order for 160 Boeing jets, and Abu Dhabi’s $14.5 billion aircraft purchase. Yet, many deals are long-term or non-binding.
Beyond financial figures, the Gulf states secured important U.S. support on strategic issues such as Saudi Arabia’s civil nuclear ambitions, the UAE’s technology framework for AI leadership, and U.S. defense guarantees for Qatar.
While the exact economic impact remains unclear, the visit symbolizes a strengthening of U.S.-Gulf relations amid complex geopolitical dynamics.