People from the world of business and number gurus simply do not entrust $7 Trillion investment intentions
Donald Trump’s comments about the economic promises the Middle East has made to the U.S. have been slowly but surely on the increase, that is of both value and the concerns about the promises. They started at $2 trillion and now stand at $7 trillion, a development that makes many of us have doubts whether the numbers are coming from a real point or it’s just like the wishful thinking.
The Trickle-Down of Investment Promises from the Middle East
When Trump went to the Middle East on his last trip, he claimed that Saudi Arabia, Qatar, and UAE gave him even more tremendous numbers than the ones mentioned above and that the amount had increased several times. The President referred to the investments as hard work rewarded, thus proving the talk of success in the diplomatic journey. On the other hand, the report from the White House tends to change every day, so it is difficult to ascertain the truth of the numbers whether the claims are reliable and based on verifiable facts.
After first coming to the fore with a $2 trillion plan, Trump’s numbers kept on rising—from $4 trillion to $5.1 trillion and even as high as $7 trillion. The White House has declared these promises include multi-sector investments such as alternative energy, defense, and others.
What’s Truly Responsible for the Numbers?
While the numbers referred to examples of a successful diplomatic mission, the analysts are of the view that lots of this money is not as solid as it appears. The White House actually gave a few particulars regarding the $2 trillion figure, namely, an amount of $600 billion from Saudi Arabia and a $1.2 trillion through the Qatari economy, but the deals’ schedule and execution are still in the balance. For example, Saudi Arabia had already assigned $600 billion in 2017, and the other accords from those years are also being included in the sum.
Some of the economical and business authorities have opined with caution. It is likely that promises of investment, which are not enforced by written agreements or with a detailed timeline, will not come to pass as expected. It should also be noted that the Foxconn investment of 2017, a clear example of an exaggerated trend, had raised doubts again especially among those who can still remember the past.
The Potential Impact of the U.S. Business and Trade on the Country
Notwithstanding the questions and uncertainty arising from the numbers, the likelihood of a substantial amount of foreign investment is still fairly considered the U.S. industry’s success. If these deals were to come true, they can really act as an economic booster. The only argument that remains towards the top of the list is that full service and transparency are the major things that these promises will have to depend upon in order to be material and very effective in the long run.
At the same time, a large number of U.S. business owners and analysts are not yet ready to jump into the bandwagon, the reason being that the said investments could still become the building blocks of the economy. The only uncertain part is whether the said deals are worth the promises of billions of dollars becoming a reality or is it just another prevarication of political leaders in the offing.
