Back to today’s briefing

Story perspectives

Trump's $600B AI Chip Deal Boosts U.S.-Gulf Relations

5/17/2025

27 4

Left

Trump Secures AI Deal

During President Trump's visit to Saudi Arabia, he struck a monumental $600 billion deal for AI chips with leading U.S. tech firms, marking a pivotal shift toward diversifying the Gulf economy beyond oil. This bold move, in stark contrast to Biden's approach, has sent chipmaker stocks like Nvidia and AMD soaring, highlighting the region's tech aspirations and strengthening U.S.-Gulf ties.

Right

Trump Urges Apple Jobs

President Trump criticized Apple CEO Tim Cook for prioritizing iPhone production in India over U.S. manufacturing. He reminded Cook of Apple's $500 billion investment pledge, emphasizing the need to bring jobs back home. This call to action reflects Trump's ongoing mission to revitalize American manufacturing, even as Apple’s stock dipped 0.4% in response.

Center

U.S.-China Trade Truce

In a significant move, the U.S. and China have paused their trade war for 90 days, slashing tariffs to 30% and 10%. This agreement seeks to safeguard national interests and stabilize their economies. Yet, the road ahead remains challenging, with both nations eyeing crucial concessions on the fentanyl crisis and vital mineral exports.

1 of 3

Trump Secures AI Deal

During President Trump's visit to Saudi Arabia, he struck a monumental $600 billion deal for AI chips with leading U.S. tech firms, marking a pivotal shift toward diversifying the Gulf economy beyond oil. This bold move, in stark contrast to Biden's approach, has sent chipmaker stocks like Nvidia and AMD soaring, highlighting the region's tech aspirations and strengthening U.S.-Gulf ties.

1 / 3