What is the secret deals announced by Trump with Saudi Arabia?

What is the secret deals announced by Trump with Saudi Arabia?

Arab and international   Sunday June 04 2017

Foreign visit US President Donald Trump were not for only politics, but overshadowed by the economic aspects as well, according to Trump's comments after returning from a trip that included Saudi Arabia, Israel and other European countries.

Announcing the withdrawal of the climate agreement in Paris, President Trump stressed in a claim categorically that his nine-day overseas have provided a lot of jobs at home

Said Trump, "I have just returned from a trip abroad; as we have signed deals worth 350 billion dollars in economic and military areas of the United States, which will create hundreds of thousands of jobs. Believe me, it was my trip very successful," and according to the New York American Times.

For their part, promoted by White House officials for this achievement, he wrote Gen. Herbert Raymond McMaster, National Security Advisor, and Gary Cohen, president of the National Economic Council, on Tuesday, 30 July / May, in the Wall Street Journal that deals concluded by Trump in Saudi Arabia "regional and will enhance US security and create jobs for Americans."

Said Sean Spicer, a spokesman for the White House, Tuesday, May 29 / May, "The visit resulted in the historic deals for economic development in the United States, with a total of more than half a trillion dollars, and will create tens of thousands of American jobs."

Trump and promoted himself to this claim during his trip, he said: "We have achieved and provided billions of dollars and millions of jobs."

But these assurances have a tremendous positive impact on employment based on mathematical equations vague and exaggerated hopes.

It should be noted that the deals include arms sales to Saudi Arabia, and more than 30 business deal with US companies. The White House did not respond to requests to give details about those deals, saying only the announcement of the total value of transactions, but these figures are provided by Trump exaggerated by premature.

Deals are not final

According to the New York Times, the sale of arms deal is not final. The figure indicates $ 110 billion to the value of defensive capabilities provided to Saudi Arabia, which is described by the Foreign Ministry and the Defense Security Cooperation Agency as "planned sales in the future." But the question remains how much will buy Saudi Arabia already?

The package also includes six sale transactions, with a total value of just under $ 24 billion, and was previously the Obama administration that offered by the Saudis. But detailed estimates of the planned sales (which include missile defense systems and other military equipment which are likely to be worth billions of dollars) have not disclosed publicly, so it is not clear what the other refers to the amount of $ 86 billion.

Said William Hartung, director of the Arms and Security Project at the Center for International Policy, a Washington-based research center: "I do not know how the deal will reach the value of $ 110 billion." William is estimated that "half of this figure or less of it will be the real, and these deals fail during the negotiation."

Said Emma Ashford of the Cato Institute, a research center emancipatory, said that this is due to the transactions will go through a formal process of selling weapons before moving forward. She added: "I am very skeptical of the White House claims."

If the past holds any indication of the final result, the chances of the deal will reach part of the $ 110 billion. It is worth mentioning that President Barack Obama's offer to the Saudis sell weapons worth more than $ 115 billion, when he was still in office, but $ 57 billion, of which only became a formal sale agreements, according to a study Hartung.

How will this number of transactions?

He said Spicer told a news conference Tuesday that the trade deals worth $ 270 billion, but it is not clear how it will reach this figure. Companies that called Spicer and those mentioned by the media for dedicated investments totaling just over $ 120 billion less than announced; some of these companies announced only estimates.



It seems that Spicer by doubly some of these military contractors involved in the arms deals, as part of the $ 270 billion package. Spicer, my company Lockheed Martin and Raytheon has said within the commercial transactions, while Black Hawk helicopters and defense systems, which also will be provided by these companies are included in arms sales.

More importantly, the vast majority of these ads and deals were memoranda of understanding or letters of intent, and are not final official contracts.

The Trump statement is striking about "hundreds of thousands of jobs" is fragile at best, given the nature of the various deals and values. Most of the new jobs announced by the companies will be in Saudi Arabia, not in the United States.

Among the companies mentioned by Spicer, Dow Chemical companies, General Electric and Alcoa said it will create hundreds of thousands of jobs in Saudi Arabia, did not mention any of its news bulletins about jobs in the United States.

Estimates are inaccurate

Other companies such as Raytheon and Boeing did not give accurate estimates. While Exxon Mobil deal, which the company says it will create 600 permanent jobs and 6,000 temporary jobs in construction in the state of Texas, was a precedent on Trump trip almost a year in. He said the three companies spokespeople that these deals are in the early stages, or that it is difficult to make accurate estimates.

A spokesman for Lockheed Martin, said the company will provide 18 thousand jobs in the United States, most of which will be parked jobs list on the completion of the deal.

Apart from business deals, sales will be planned more weapons impact on the labor market in the United States of business deals, but it is too early to estimate any person with confidence that it will reach "hundreds of thousands" of jobs.

And Saudi Arabia has become a policy that 50% of the local military purchases, which means that the defense contractors who are part of arms sales will face additional pressure to provide job opportunities in the Kingdom.

Often jobs were caused by giant arms sales gains in the past below expectations. In South Africa, it was expected to generate sales of multibillion-dollar deal in the nineties 65 thousand jobs, but provided eventually 28 thousand jobs. Similarly, the British government estimated that the sale of Typhoon aircraft to Saudi Arabia in 2005, will create between 10 thousand and 15 thousand British jobs, while an independent analysis of the University of York reduced this figure to 5,000 jobs.

She said Ashford: "It is certain that this deal will create some American jobs, but there are a lot of questions Unanswered on the number of these jobs, there are doubts that this number would be as high as indicated by the White House."

The former expert at the US Central Intelligence Agency "CIA" Bruce Riedel, who is now an analyst at the Brookings Institution, said that the "big question mark that we must not lose sight of is if signed Saudi Arabia contracts worth a total of $ 100 billion, how will pay this bill under the current oil prices. "

Saudi Arabia was the first station where he arrived Trump in his first foreign trip since officially arriving at the White House earlier this year, it has been described this visit, the mission and history of Saudi Arabia as well, which sees the administration Trump to save from the "encroachment" Iran in the Middle East.

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