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Trump Signed $110 Billion Arms Deal with Saudi Arabia

<p class&equals;"MsoNormal" style&equals;"text-align&colon; left&semi;" align&equals;"center">It looks like President Donald Trump&rsquo&semi;s first foreign trip since entering office has already been deemed a success&period; The White House announced Saturday that the president signed a &dollar;110 billion arms deal with U&period;S&period; ally Saudi Arabia&period;<&sol;p>&NewLine;<p class&equals;"MsoNormal">The agreement states that Saudi Arabia will buy massive amounts of military equipment from the U&period;S&period;&comma; while also employing American companies to build the equipment&period;&nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">&&num;8220&semi;That was a tremendous day&period; Tremendous investments in the United States&comma;&&num;8221&semi; said Trump after signing the agreement&period; &&num;8220&semi;Hundreds of billions of dollars of investments into the United States and jobs&comma; jobs&comma; jobs&period;&&num;8221&semi;&nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">Secretary of State Rex Tillerson praise the deal calling it a &&num;8220&semi;historic moment in U&period;S&period;-Saudi relations&period;&&num;8221&semi;&nbsp&semi;&nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">&ldquo&semi;The agreement&comma; which is worth &dollar;350 billion over 10 years and &dollar;110 billion that will take effect immediately&comma; was hailed by the White House as &&num;8220&semi;a significant expansion of&hellip&semi;&lbrack;the&rsqb; security relationship&&num;8221&semi; between the two countries&comma;&rdquo&semi; writes <em style&equals;"mso-bidi-font-style&colon; normal&semi;">CNBC&period;<&sol;em> &ldquo&semi;Simultaneously&comma; Saudi Arabia is in a broad-based push for economic reform&comma; and as part of that effort signed a flurry of deals with private U&period;S&period; companies worth&nbsp&semi;tens of billions of dollars&period;&rdquo&semi;&nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">Not only will it create more U&period;S&period; jobs&comma; but it will also create new highly skilled positions in Saudi Arabia&period;<&sol;p>&NewLine;<p class&equals;"MsoNormal">Lockheed Martin&comma; a defense contractor privy to the U&period;S&period;-Saudi accord said that it<&sol;p>&NewLine;<p class&equals;"MsoNormal">&&num;8220&semi;will directly contribute to &lbrack;Saudi Arabia&&num;8217&semi;s&rsqb; Vision 2030 by opening the door for thousands of highly skilled jobs in new economic sectors&period;&&num;8221&semi;&nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">&ldquo&semi;At Lockheed Martin&comma; we are proud to be part of this historic announcement that will strengthen the relationship between the United States and the Kingdom of Saudi Arabia&comma;&&num;8221&semi; said Marilyn Hewson&comma; Lockheed Martin president in a statement&period; &&num;8220&semi;We are especially proud of how our broad portfolio of advanced global security products and technologies will enhance&nbsp&semi;national security&nbsp&semi;in Saudi Arabia&comma; strengthen the cause of peace in the region&comma; and provide the foundation for&nbsp&semi;job creation&nbsp&semi;and economic prosperity in the U&period;S&period; and in the Kingdom&period;&&num;8221&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">This deal will also foster efforts against radical Islamic terrorism&period;<&sol;p>&NewLine;<p class&equals;"MsoNormal">&&num;8220&semi;This package of defense equipment and services support the long-term security of Saudi Arabia and the Gulf region in the face of Iranian threats&comma; while also bolstering the Kingdom&&num;8217&semi;s ability to contribute to&nbsp&semi;counter terrorism&nbsp&semi;operations across the region&comma; reducing the burden on the U&period;S&period; military to conduct those operations&comma;&&num;8221&semi; said the White House in a statement&period;<&sol;p>&NewLine;<p class&equals;"MsoNormal">The president&rsquo&semi;s son-in-law was allegedly imperative to getting the deal done&period; &nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">&ldquo&semi;Sensing that the cost might be a problem&comma; several administration officials said&comma; Mr&period; Kushner picked up the phone and called Marillyn A&period; Hewson &mdash&semi; the chief executive of Lockheed Martin&comma; which makes the radar system &mdash&semi; and asked her whether she could cut the price&period; As his guests watched slack-jawed&comma; Ms&period; Hewson told him she would look into it&comma; officials said&comma;&rdquo&semi; writes the <em style&equals;"mso-bidi-font-style&colon; normal&semi;">New York Times<&sol;em>&period; &ldquo&semi;Mr&period; Kushner&rsquo&semi;s personal intervention in the arms sale is further evidence of the Trump White House&rsquo&semi;s readiness to dispense with custom in favor of informal&comma; hands-on deal making&period; It also offers a window into how the administration hopes to change America&rsquo&semi;s position in the Middle East&comma; emphasizing hard power and haggling over traditional diplomacy&period;&rdquo&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal"><strong>Author&rsquo&semi;s note&colon; <&sol;strong>Trump previously said it was time to stop paying for the defense of other countries&period; Saudi Arabia and the U&period;S&period; both are benefiting from this deal&period; It&rsquo&semi;s a pretty nice order for our defense contractors and Saudi Arabia gets advance weaponry&comma; while creating more jobs&period; It&rsquo&semi;s a win win&period;&excl; &lpar;I&&num;8221&semi;m&nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal"><strong>Editor&&num;8217&semi;s note&colon;<&sol;strong> Somee are questioning Trump&&num;8217&semi;s ability to acheive a 3&percnt; GDP growth rate&period; &nbsp&semi;Well&comma; considerig it was an anemic 2&percnt; under Obama&comma; and here is a a gross 0&period;5&percnt; I&&num;8217&semi;d say he&&num;8217&semi;s almost there&excl; &nbsp&semi;&lpar;I&&num;8217&semi;m being a bit facetious&comma; the number don&&num;8217&semi;t quite add up that way because the deal will be over many years&comma; but on the other hand&comma; Trump is just getting started&rpar;&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

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