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News & Current Events Discuss The truth about President Trump's $110 billion Saudi arms deal at the General Forum; The truth about President Trump's $110 billion Saudi arms deal By ELIZABETH MCLAUGHLIN CONOR FINNEGAN Jun 6, 2017 Mandel Ngan/AFP/Getty ...

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Old 06-07-2017, 09:11 AM
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Default The truth about President Trump's $110 billion Saudi arms deal

The truth about President Trump's $110 billion Saudi arms deal

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By ELIZABETH MCLAUGHLIN CONOR FINNEGAN
Jun 6, 2017


Mandel Ngan/AFP/Getty Images

During his first visit to a foreign nation as president, President Trump announced a massive deal: $110 billion in arms sales to Saudi Arabia. He called the agreement "tremendous" and bragged about the billions of dollars in investments and jobs that would be brought to the United States as a result. But the reality is that the U.S. is no where close to receiving that kind of money, at least right now. ABC News found only approximately $25 billion of the $110 billion in the actual pipeline, and future sales are not guaranteed.

"The $110 billion deal that the president announced doesn't really exist," said Bruce Riedel, director of the Brookings Intelligence Project and a former CIA officer, who noted the discrepancy in Trump's announcement in an article Monday for Brookings, which first shed light on this aspect of the deal. All told, the approximate $25 billion in potential sales is far from Trump's claim of $110 billion. The other $85 billion would be categorized as a Memorandum of Intent (MOI), which the Pentagon's Defense Security Cooperation Agency describes as "potential future defense capabilities" for the Saudis.
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Old 06-07-2017, 09:42 AM
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Default Re: The truth about President Trump's $110 billion Saudi arms deal

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Sounds typical of a long term deal to me. Government or Private.

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Old 06-07-2017, 04:41 PM
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Default Re: The truth about President Trump's $110 billion Saudi arms deal

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and from what i understand they are going to build plants in SA to make them So much for the American worker.
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