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Elon Musk and Donald Trump are courting Saudi oligarchs for AI investments during Trump's visit to Riyadh, where a $600 billion U.S.-Saudi investment plan was announced. This includes $142 billion for advanced military equipment and $20 billion for AI data centers in the U.S. Musk plans to reduce his involvement in the Trump administration to focus on Tesla, despite ongoing efforts to integrate AI across federal agencies, raising concerns about a technocratic agenda. Meanwhile, Trump continues to advocate for AI funding, although his tariff policies are complicating financing discussions.
Peter Navarro, once a little-known academic, has become a key figure in Donald Trump's administration, influencing trade policy and the narrative around China. Despite facing criticism and legal troubles, including a prison sentence for contempt of Congress, Navarro's hawkish stance on trade and personal rapport with Trump have solidified his position. His controversial views and combative demeanor continue to shape economic discourse, raising concerns about potential repercussions for the global economy.
Donald Trump has appointed Kevin Hassett to lead the National Economic Council, enhancing his economic team as he prepares for his inauguration on January 20. Hassett, who previously chaired the Council of Economic Advisers, will play a key role in shaping policies on trade, taxes, and deregulation. Alongside this, Trump has nominated Jamieson Greer as U.S. Trade Representative and indicated plans to raise tariffs on Chinese goods and products from Mexico and Canada.
Jared Kushner
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musk and trump court saudi oligarchs for massive ai investments
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