Trump calls for $1tn Saudi investment, lower oil prices

US President Donald Trump on January 23, said he will demand Saudi Arabia and OPEC bring down the cost of oil and will ask Riyadh to increase a planned US investment package to $1tn from an initial reported $600 billion.

Trump administration: How has it affected Crypto markets

His remarks come one day after Trump and Saudi Arabian Crown Prince Mohammed bin Salman discussed what the White House called the kingdom’s “international economic ambitions” and trade issues.

Read: Saudi Arabia pledges to invest $600bn in the US under President Trump

On Thursday, January 23, the Saudi State news agency said the kingdom wants to put $600bn into expanded investment and trade with the US over the next four years.

“But I’ll be asking the Crown Prince, who’s a fantastic guy, to round it out to around $1 trillion,” Trump told the World Economic Forum in Davos, Switzerland.