MAKING
AMERICAN MANUFACTURING AND INNOVATION GREAT AGAIN: Today in Qatar, President Donald J.
Trump signed an agreement with Qatar to generate an economic exchange worth at
least $1.2 trillion. President Trump also announced economic deals totaling
more than $243.5 billion between the United States and Qatar, including an
historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.
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.
Since President Trump took
office, his commitment to American manufacturing and innovation has
attracted trillions of dollars in investments and global commercial deals.
Allies like Qatar are partnering in the United States’ success.
The following represent just a
few of the many groundbreaking deals secured in Qatar:
Boeing and GE Aerospace secured
a landmark order from Qatar Airways, a $96 billion agreement to acquire
up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered
by GE Aerospace engines. This is Boeing’s largest-ever widebody order and
largest-ever 787 order. This historic agreement will support 154,000 U.S.
jobs annually, totaling over 1 million jobs in the United States during
the course of production and delivery of this deal.
McDermott has a strong
partnership with Qatar Energy in advancing critical energy
infrastructure, with seven active projects worth $8.5 billion. As the
sole provider of offshore components for Qatar’s major LNG expansion,
McDermott’s work directly supports thousands of U.S. energy sector jobs.
Parsons has successfully won 30
projects worth up to $97 billion. These high-value engagements have
fueled significant company growth, supporting thousands of jobs across
the United States and reinforcing American leadership in cutting-edge
engineering and innovation.
Quantinuum finalized a Joint
Venture Agreement with Al Rabban Capital,
a prominent Qatari company. Qatar will invest up to $1 billion
in state-of-the-art quantum technologies and workforce development
provided by the Joint Venture, supporting U.S. and Qatari jobs and
leadership in this critical emerging technology.
Today’s signings mark President
Trump’s intent to accelerate Qatar’s defense investment in the U.S.-Qatar
security partnership—enhancing regional deterrence and benefitting
the U.S. industrial base.
The defense deals secured today
lock in Qatar’s procurement of state-of-the-art military equipment from
two leading U.S. defense companies.
Raytheon, an RTX business,
secured a $1 billion agreement for Qatar’s acquisition of counter-drone
capabilities, signed by the U.S. and Qatari governments. This deal
establishes Qatar as the first international customer for Raytheon’s
Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat
System (FS-LIDS) designed to counter unmanned aircraft. The deal directly
supports high-skilled manufacturing and engineering jobs in the United
States and reinforces America’s leadership in innovative defense
technologies.
General Atomics secured a
nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely
piloted aircraft system, signed by the U.S. and Qatari governments. This
deal will strengthen the U.S.-Qatar bilateral relationship and provide
the Qatari Armed Forces with the most advanced multi-mission remotely
piloted aircraft in the world, powered by U.S. products made in America.
The United States and Qatar
also signed a statement of intent to further strengthen our security
partnership, outlining over $38 billion in potential investments
including support for burden-sharing at Al Udeid Air Base and future
defense capabilities related to air defense and maritime security.
These new agreements and
instruments aim to drive the growth of the U.S.-Qatar bilateral commercial
relationship, create thousands of well-paying jobs, and open new trade and
investment opportunities for both countries over the coming decade and
beyond.
CATALYZING PROSPERITY THROUGH GREATER TRADE AND INVESTMENT: The
United States and Qatar have a long history of trade and a strong commercial
relationship, including significant long-term aviation, critical
infrastructure, information technology, and consulting deals.
Qatar’s strategic goals outlined
in Qatar National Vision 2030 create opportunities for U.S. businesses in
multiple sectors.
The United States had a $2
billion trade surplus with Qatar in 2024 and has had a positive trade
balance with Qatar since 2003.
In 2024, U.S.-Qatar trade
totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion
in Qatari imports.
Qatar’s greenfield investment
in the United States totaled $3.3 billion in 2023, focused on hotels and
tourism, information technology, advanced manufacturing, financial
services, and oil and gas.
This visit advances
opportunities for U.S. companies to expand long-standing partnerships and
for Qatari entities to embrace U.S. technologies, adopt best practices,
and finalize new agreements for significant sales and investments.
Qatar has made significant
investments in the United States across hotels and tourism, financial
services, technology, healthcare, and energy, with plans to invest even
more over the next five years. These investments strengthen the U.S.
economy by supporting good-paying jobs for millions of American workers,
expanding U.S. exports, and funding research and development.
Qatar has the third largest
proven reserves of natural gas in the world, and has invested in American
energy infrastructure, directly contributing to U.S. energy security and
industrial resilience.
Starting in 2019, QatarEnergy
initiated $18 billion in investments in the U.S. energy sector with
ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips
Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on
the Texas Gulf Coast.
Qatar is our 12th largest
Foreign Military Sales partner with active cases valued at more than $26
billion.
Qatar’s expansive investment in
and trade with the United States contribute to U.S. and Qatari economic
growth and prosperity, and Qatar’s choice of U.S. industry’s best-fit
solutions supports the U.S. strategic goal of growing our industrial
presence throughout the Gulf and the region as a whole.
THE ART OF THE DEAL: President Trump is securing billions in
investments to revitalize American manufacturing, delivering on his promise to
bring back “Made in America” and usher in a new Golden Age of prosperity.
Today’s announcement builds on
yesterday’s $600 billion investment commitment secured in Saudi Arabia.
It also follows the announcement
of an historic trade agreement with the United Kingdom and a joint
agreement with China to reduce reciprocal tariffs.
By securing these investments,
President Trump is spurring a manufacturing renaissance, driving economic
growth, and creating high-paying jobs across the nation.
Prior to this historic deal,
President Trump had already attracted trillions in U.S.-based investments,
laying the foundation for an era of unprecedented American prosperity.
President Trump is building on
his record of success with Qatar, exemplified by his leadership in the
2019 GE Aerospace GEnx engine sale to power Qatar Airways’ then-newly
acquired Boeing 787-9 aircraft—a monumental purchase in the history of
both companies.
As the dealmaker in chief,
President Trump’s latest achievement in Qatar is another win for America.
President Trump Participates in a Signing Ceremony and an Exchange of Agreements,
May 14, 2025
"I want to wish peace to the Emir and to all Qataris." –President Donald J. Trump
“We’re setting records on this trip. We're bringing a lot of investment back into the United States of America. We'll be well over $10 trillion. I want to thank your Highness for helping with that number. You know you can count on us, and you know that it's going to be a great investment for you.”
–President Donald J. Trump–
TRUMP EFFECT: A Running List of New U.S. Investment
in President Trump’s Second Term
May 16, 2025
Since
President Donald J. Trump took office, his unwavering commitment to
revitalizing American industry has spurred trillions of dollars of investments
in U.S. manufacturing, production, and innovation — and the list only continues
to grow.
Here is a
non-comprehensive running list of new U.S.-based investments in President
Trump’s second term:
Project Stargate, led by Japan-based Softbank
and U.S.-based OpenAI and Oracle, announced a $500 billion private
investment in U.S.-based artificial intelligence infrastructure.
Appleannounced a $500 billion investment
in U.S. manufacturing and training.
NVIDIA, a global chipmaking
giant, announced it will invest $500
billion in U.S.-based AI infrastructure over the next four years amid its
pledge to manufacture AI supercomputers entirely in the U.S. for the first
time.
IBM announced a $150 billion investment over
the next five years in its U.S.-based growth and manufacturing operations.
Taiwan Semiconductor
Manufacturing Company (TSMC)announced a $100 billion investment in U.S.-based chips
manufacturing.
Johnson & Johnsonannounced a $55 billion investment
over the next four years in manufacturing, research and development, and
technology.
Roche, a Swiss drug and diagnostics
company, announced a $50 billion investment
in U.S.-based manufacturing and research and development, which is
expected to create more than 1,000 full-time jobs and more than 12,000
jobs including construction.
Bristol Myers Squibbannounced a $40 billion investment
over the next five years in its research, development, technology, and
U.S.-based manufacturing operations.
Eli Lilly and Companyannounced a $27 billion investment
to more than double its domestic manufacturing capacity.
United Arab Emirates-based ADQ and
U.S.-based Energy Capital Partnersannounced a $25 billion investment
in U.S. data centers and energy infrastructure.
Novartis, a Swiss drugmaker, announced a $23 billion
investment to build or expand ten manufacturing facilities across the
U.S., which will create 4,000 new jobs.
Hyundaiannounced a $21 billion U.S.-based
investment — including $5.8 billion for a new steel plant in Louisiana, which will
create nearly 1,500 jobs.
Hyundai also secured an equity investment and
agreement from Posco Holdings, South Korea’s top steel maker.
United Arab Emirates-based DAMAC
Propertiesannounced a $20 billion investment
in new U.S.-based data centers.
France-based CMA CGM,
a global shipping giant, announced a $20 billion investment
in U.S. shipping and logistics, creating 10,000 new jobs.
Sanofiannounced it will invest at least
$20 billion over the next five years in manufacturing and research and
development.
Venture Global LNG announced an $18 billion investment
at its liquefied natural gas facility in Louisiana.
Gilead Sciencesannounced an $11 billion boost to
its planned U.S.-based manufacturing investment.
AbbVieannounced a $10 billion investment
over the next ten years to support volume growth and add four new
manufacturing plants to its network.
Pratt Industriesannounced a $5 billion investment to
create 5,000 new manufacturing jobs in Ohio, Michigan, Pennsylvania, and
Arizona.
GlobalWafers, a Taiwanese silicon wafer
manufacturer, announced a $4 billion investment in
its U.S.-based production.
Thermo Fisher Scientificannounced it will invest an
additional $2 billion over the next four years to enhance and expand its
U.S. manufacturing operations and strengthen its innovation efforts.
Merck & Co.announced it will invest a total of
$9 billion in the U.S. over the next several years after opening a new $1
billion North Carolina manufacturing facility — including in a new state-of-the-art
biologics manufacturing plant in Delaware, which will create at least 500
new jobs.
Clariosannounced a $6 billion plan to
expand its domestic manufacturing operations.
Stellantisannounced a $5 billion investment in
its U.S. manufacturing network, including re-opening its Belvidere, Illinois,
manufacturing plant.
In addition to its overall
investments, Amazonannounced it is investing $4 billion
in small towns across America, creating more than 100,000 new jobs and
driving opportunities across the country.
Regeneron Pharmaceuticals, a leader in
biotechnology, announced a $3 billion agreement
with Fujifilm Diosynth Biotechnologies to produce drugs at its North
Carolina manufacturing facility.
Kraft Heinzannounced a $3 billion investment to
upgrade its U.S. factories — its largest investment in its plants in
decades.
NorthMark Strategies, a multi-strategy investment
firm, announced a $2.8 billion investment
to build a supercomputing facility in South Carolina.
Kimberly-Clarkannounced a $2 billion investment to
expand its U.S. manufacturing operations, including a new advanced
manufacturing facility in Warren, Ohio, an expansion of its Beech Island,
South Carolina, facility, and other upgrades to its supply chain network.
Chobani, a Greek yogurt giant,
announced $1.7 billion to expand its U.S. operations.
$1.2 billion to build its third U.S.
dairy processing plant in New York, which is expected to create more than
1,000 new full-time jobs.
$500 million to expand its Idaho
manufacturing plant.
Corning announced it is expanding its
Michigan manufacturing facility investment to $1.5 billion, adding 400 new
high-paying advanced manufacturing jobs for a total of 1,500 new jobs.
Carrierannounced an additional $1 billion
investment in its U.S. manufacturing, innovation, and workforce expansion,
which is expected to create 4,000 new jobs.
GE Aerospaceannounced a $1 billion investment in
manufacturing across 16 states — creating 5,000 new jobs.
Anduril Industriesannounced a $1 billion investment
for a new autonomous weapon system facility in Ohio.
Amgenannounced a $900 million investment
in its Ohio-based manufacturing operation.
Merck Animal Healthannounced an $895 million investment
to expand their manufacturing operations in Kansas.
Schneider Electricannounced it will invest $700
million over the next four years in U.S. energy infrastructure.
GE Vernovaannounced it will invest nearly $600
million in U.S. manufacturing over the next two years, which will create
more than 1,500 new jobs.
Abbott Laboratoriesannounced a $500 million investment
in its Illinois and Texas facilities.
AIP Management, a European infrastructure
investor, announced a $500 million investment
to solar developer Silicon Ranch.
London-based Diageoannounced a $415 million investment
in a new Alabama manufacturing facility.
Legoannounced a $366 million investment
to build a new distribution center in Prince George County, Virginia.
The Bel Groupannounced a $350 million investment
to expand its U.S.-based production, including at its South Dakota, Idaho
and Wisconsin facilities — which will create 250 new jobs.
Dublin-based Eaton
Corporationannounced a $340 million investment
in a new South Carolina-based manufacturing facility for its three-phase
transformers.
Anheuser-Buschannounced a $300 million investment
in its manufacturing facilities across the country.
Germany-based Siemensannounced a $285 million investment
in U.S. manufacturing and AI data centers, which will create more than 900
new skilled manufacturing jobs.
Clasen Quality Chocolateannounced a $230 million investment
to build a new production facility in Virginia, which will create 250 new
jobs.
Fiserv, Inc., a financial technology
provider, announced a $175 million investment to open a new strategic
fintech hub in Kansas, which is expected to create 2,000 new high-paying
jobs.
Paris Baguetteannounced a $160 million investment
to construct a manufacturing plant in Texas.
Siemens Healthineersannounced a $150 million investment
to expand production, including relocating manufacturing operations for
its Varian company from Mexico to California.
TS Conductor announced a $134 million investment
to build an advanced conductor manufacturing facility in South Carolina,
which will create nearly 500 new jobs.
Switzerland-based ABBannounced a $120 million investment
to expand production of its low-voltage electrification products in
Tennessee and Mississippi.
Saica Group, a Spain-based corrugated
packaging maker, announcedplans to build a $110 million
new manufacturing facility in Anderson, Indiana.
Hotpack, a Dubai-based maker of food
packaging materials and related products, announced a $100 million investment
to establish its first U.S. manufacturing facility in Edison, New Jersey.
Charms, LLC, a subsidiary of candymaker
Tootsie Roll Industries, announced a $97.7 million investment
to expand its production plant and distribution center in Tennessee.
Toyota Motor Corporationannounced an $88 million investment
to boost hybrid vehicle production at its West Virginia factory, securing
employment for the 2,000 workers at the factory.
AeroVironment, a defense contractor, announced a $42.3 million investment
to build a new manufacturing facility in Utah.
Paris-based Saint-Gobainannounced a new $40 million NorPro
manufacturing facility in Wheatfield, New York.
India-based Sygene
Internationalannounced a $36.5 million
acquisition of a Baltimore biologics manufacturing facility.
Asahi Group Holdings, one of the largest Japanese
beverage makers, announced a $35 million investment
to boost production at its Wisconsin plant.
Cyclic Materials, a Canadian advanced recycling
company for rare earth elements, announced a $20 million investment
in its first U.S.-based commercial facility, located in Mesa, Arizona.
Guardian Bikesannounced a $19 million investment
to build the first U.S.-based large-scale bicycle frame manufacturing
operation in Indiana.
Amsterdam-based AMG
Critical Mineralsannounced a $15 million investment
to build a chrome manufacturing facility in Pennsylvania.
NOVONIX Limited, an Australia-based battery
technology company, announced a $4.6 million investment
to build a synthetic graphite manufacturing facility in Tennessee.
LGM Pharmaannounced a $6 million investment to
expand its manufacturing facility in Rosenberg, Texas.
ViDARR, a defense optical equipment
manufacturer, announced a $2.69 million investment
to open a new facility in Virginia.
That
doesn’t even include the U.S. investments pledged by foreign countries:
United Arab Emirates committed to investing $1.4 trillion
in the U.S. over the next decade.
Qatar committed to generating $1.2
trillion in an economic exchange between the two countries.
Japan announced a $1 trillion investment
in the U.S.
Saudi Arabia committed investing $600 billion in
the U.S. over the next four years.
Taiwan announced a pledge to boost its
U.S.-based investment.
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