U.S. President Donald Trump imposed on 2/4/2025 a 10% tariff on all imports, from 57 trading partners, including Saudi Arabia.
President Trump's new trade regulations have raised concerns in the Kingdom.
In this regard, the Governor of the Saudi Public Investment Fund (PIF), Yasir Al-Rumayyan, plays a key role in handling economic matters with the U.S. administration.
The note provides an overview of the following aspects:
- Al-Rumayyan's role in protecting Saudi Arabia from the impact of U.S. tariffs
- His priorities during President Trump's second term
- The U.S. senior officials he is in constant contact with
- President Trump’s stance on the PIF's strategic direction as received by Al-Rumayyan
The note also highlights Al-Rumayyan’s views on the future of the U.S. economy and the trade war.
