Trump announced $150 billion in relief funds Wednesday for the Palestinians, including $30 million for hospitals and $10 million for clean water and sanitation projects.
He also announced a $10 billion initiative to fight the coronavirus pandemic.
Trump also announced $3 billion in additional funding to help address the ongoing drought in Gaza.
In addition, the President said $5 billion would go to help the families of the 1,100 Israeli soldiers killed in Gaza last year.
Trump is expected to deliver his declaration of support for Israel at an event in Israel on Thursday.