The agreement comes as Qatar offered to donate a $400 million 747-8 jumbo jet for President Donald Trump to use as a temporary Air Force One.

Boeing Co. won the single biggest deal in the US planemaker’s history, with Qatar Airways placing an order for at least 160 widebody aircraft during a visit to Doha by US President Donald Trump.

President Donald Trump announced on Wednesday a $200 billion deal between Qatar Airways and Boeing, a lifeline for the beleaguered American aerospace giant and a powerful symbol of the diplomatic maneuvering defining his presidency.

U.S. stocks traded higher after a strong start to the week that has seen the broad S&P 500 index turn positive on the year.

A $96 billion deal with Qatar Airways comes as Boeing struggles to deliver its Air Force One replacement and Trump seems poised to accept a Boeing jet from the Qatari royal family.

North Charleston, South Carolina, could see more jobs at its Boeing manufacturing plant if a reported $100 billion deal for Qatar to buy 150 Boeing planes comes through. NewsNation’s Brooke Shafer speaks with the city’s mayor about the agreement’s potential impact.

President Donald Trump continued to defend his decision to accept a $400 million jet from Qatar during an exclusive interview with Sean Hannity on Air Force One on Tuesday. Trump has received backlash for planning to accept the jumbo Boeing 747-8 jet from the Qatari royal family since news of the gift broke on Sunday.