Trump and MBS tout $1 trillion pledge as details remain elusive

Quick Summary:

Both leaders claimed Saudi Arabia would invest $1 trillion in the US, but signage at the conference put the cumulative total of the deals as actually worth over $300 billion.

The White House highlighted plans for other partnerships through investment funds emphasizing US deployment in the energy, aerospace and sports sectors.

CEO Jensen Huang sat in armchairs, serenaded by Trump’s typical rally soundtrack — sets up a test for the US president and Saudi crown prince, who have struggled at times to match their rhetoric with reality.

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Article Details

Author / Journalist: Jennifer A. Dlouhy, Hadriana Lowenkron, Kate Sullivan, Fiona MacDonald, Bloomberg

Category: EconomyBusiness

Markets: United StatesSaudi Arabia

Topics: Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 18:44:54 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1002 words

Reading Time: 6 minutes read

Sentences: 5 lines

Sentence Length: 201 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28685659

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

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News Last Updated: 8 hours ago

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