PULSE POINTS:
❓What Happened: President Donald J. Trump signed a $1.2 trillion economic exchange agreement with Qatar, alongside $243.5 billion in additional economic deals.
👥 Who’s Involved: President Donald J. Trump, Qatari officials, U.S. Defense Secretary Pete Hegseth, Boeing.
📍 Where & When: Doha, Qatar, on Wednesday, following Trump’s visit to Saudi Arabia on Tuesday.
💬 Key Quote: “The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.” — White House statement.
⚠️ Impact: The agreement includes a $200 billion Boeing aircraft deal and further defense cooperation.
IN FULL:
President Donald J. Trump and Qatari officials signed a “joint declaration of cooperation” on Wednesday during Trump’s visit to Doha. The agreement comes as part of a broader diplomatic push by the Trump administration following his stop in Saudi Arabia earlier in the week.
According to the White House, the deal will “generate an economic exchange worth at least $1.2 trillion,” alongside “economic deals totaling more than $243.5 billion.”
Coinciding with the signing, Qatar announced a major aircraft purchase from Boeing, involving 160 wide-body jets valued at over $200 billion. Trump called the deal “fantastic” and described it as a “record” for Boeing. The agreement also includes an option for additional aircraft, underscoring the administration’s emphasis on foreign investment in US manufacturing.
Qatar has also offered the administration a luxury Boeing 747 aircraft worth as much as $400 million to replace Air Force One, as Boeing has delayed the delivery of the new Air Force One fleet, initially promised in 2024. “We’re giving to everybody else, why wouldn’t I accept a gift? Because it’s going to be a couple years until the Boeings are finished,” President Trump said this week.
Some have criticised the gift. Qatar has a history of supporting groups like the terrorist organisation Hamas in the past. However, it has been a key mediator in the Israel-Hamas conflict, facilitating hostages being freed. It was also part of prior ceasefire negotiations.
The Doha visit followed Trump’s announcement in Saudi Arabia of $600 billion in investment commitments, including significant data center infrastructure projects involving companies like DataVolt.
Meanwhile, U.S. Defense Secretary Pete Hegseth signed a statement of intent with Qatar to enhance defense cooperation. The agreement included finalizing letters of offer and acceptance for the delivery of MQ-9B drones and FS-LIDS systems.
Jack Montgomery contributed to this report.