Sunday, May 28, 2017

US-Saudi Arabia seal weapons deal

The US sealed a multibillion arms deal with Saudi Arabia, the White House announced on Saturday, a move that solidifies its decades-long alliance with the world's largest oil exporter just as President Donald Trump begins his maiden trip abroad as leader of the free world.

The agreement, which is worth $350 billion over 10 years and $110 billion that will take effect immediately, was hailed by the White House. Saudi Arabia is the primary destination for U.S. arms sales, according to the Council on Foreign Relations, with the Kingdom purchasing nearly 10 percent of U.S. exports from 2011 to 2015.