The White House says an agreement with Saudi Arabia includes investments in weapons and technology totaling $600bn.
US President Donald Trump announced on Tuesday in Saudi Arabia that he would lift sanctions on Syria.
Experts say the pullback on tariffs shows that China managed to stand its ground, as Trump battled domestic pressure.
US President Donald Trump embarks on a three-day tour of Saudi Arabia, Qatar, and the United Arab Emirates from Tuesday.
The White House reports $5.1T in promised investments, with $4.3T newly pledged. Experts say $2.1T may not fully happen.
![US President Donald Trump speaks with reporters as he signs executive orders and proclamations on May 4 in the Oval Office of the White House in Washington, DC, the United States [File: Alex Brandon/AP Photo]](/wp-content/uploads/2025/05/AP25125778007759-1746544136.jpg?resize=270%2C180&quality=80)
The two countries have said they will issue a joint statement on the talks on Monday.
Analysts have low expectations of a breakthrough, but host Switzerland hopes ‘road map’ will emerge.
US is looking to fast-track investments by UAE, Saudi Arabia and Qatar, Bloomberg News said.
US small businesses are being financially stressed by Trump’s tariffs amidst already slim margins.
Statistics Canada showed an unemployment rate of 6.9 percent, with most cuts in the manufacturing sector.
The deal marks the first trade agreement by the US since President Donald Trump imposed a universal 10-percent tariff.
Congressman Jared Moskowitz claimed fewer Canadians are travelling amid Trump’s 51st-state comments.
Reports come after US president teased the announcement of agreement with an unnamed country.
The central bank will hold steady amid economic uncertainty driven by tariffs.
