President Donald Trump on Tuesday praised Qatar for pouring what he called “tremendous amounts of money” into the American economy, as he sat down with Qatari Emir Sheikh Tamim bin Hamad Al Thani on the margins of the Group of Seven summit held in France.
The conversation touched on multiple topics, including the recently reached US-Iran agreement and Qatar’s growing influence in Middle East diplomacy. During the meeting, Trump pushed back firmly against reports suggesting the Iran deal would include large financial incentives backed by the United States for Tehran.
“We are not investing any money in Iran,” Trump stated. “That rumor got out there yesterday; it was ridiculous.”
The president then shifted focus to Qatar’s role as a financial partner, expressing appreciation for Doha’s commitment to the US economy. “Qatar is investing tremendous amounts of money in our country, and we appreciate that,” he said, also noting that the United States is expanding both its manufacturing capacity and artificial intelligence sector.
Emir Sheikh Tamim confirmed that the economic relationship between Qatar and the United States is on track to reach $1.2 trillion, a figure he tied to strengthened ties that followed President Trump’s visit to Doha last year. The Emir said Qatar takes pride not only in its own investments in America, but also in the presence of US companies doing business in Qatar.
That $1.2 trillion figure aligns with a White House announcement from May 2025, in which the administration said President Trump had signed an agreement with Qatar projected to generate at least that amount in economic activity between the two countries. The package included more than $243 billion in specific deals spanning aircraft, energy, defense, technology, and infrastructure.
Beyond economics, Qatar has emerged as a key player in US diplomatic efforts across the Middle East, particularly in matters related to Iran and efforts to reduce regional tensions.
