Confessing tariffs fuel inflation, Trump orders up a plan for more, 15 FEB

 Confessing tariffs fuel inflation, Trump orders up a plan for more

Shafaq News/ US President Donald Trump admitted Thursday that "prices may rise" in the United States as a result of tariffs imposed on both allies and competitors alike.

Speaking to reporters at the White House, Trump expressed confidence that inflation—an issue central to his campaign last year—would ultimately decrease. His comments came after he announced his decision to escalate the ongoing trade war by imposing reciprocal tariffs on a broad range of nations.

Trump stated that US allies "are often worse than our enemies" when it comes to trade practices.

On Wednesday, European Union members reaffirmed their unity and commitment to defending the EU's steel and aluminum industries following Trump's announcement of new tariffs.

In the latest chapter of the global trade war he initiated upon taking office on January 20, Trump signed an executive order Monday setting March 12 as the start date for a 25% tariff on steel and aluminum imports.

These tariffs will apply to all exporting countries "without exception," as confirmed by the Republican president.

For the European Union, this move effectively nullifies an agreement reached with the United States in 2021, which had temporarily suspended tariffs imposed during Trump’s first term.

TIDBIT FROM FNU LNU, 15 FEB

  Fnu Lnu  

It appears to me that there is an awful lot of hand wringing going on here recently. I read one article and a couple of hours another article comes out contradicting it.

  If it isn't from Sudani, Barzani, or Selah, I don't really pay attention to it.  An "Economist close to Sudani" doesn't cut it.

 There are still a lot of politicians who have Iranian loyalties and remember Maliki owns almost all the newspapers in Iraq except the paper of record.  Pay no attention to that reporter behind the curtain.

EXCERPTS FROM MARKZ: " ...they have been seeing is right at $3.24 consistently now ‪@DINARREVALUATION‬

 

Sudanese confirm the government’s insistence on lifting the European ban on Iraqi Airways, 15 feb

Sudanese confirm the government’s insistence on lifting the European ban on Iraqi Airways

Prime Minister Mohamed Shia Al-Sudani discussed, at his residence in Munich, on Friday, with the European Union Commissioner for the Mediterranean and the Middle East, Dubravka Sueka, relations with the European Commission, and ways to strengthen them in various fields, and review the government’s efforts to achieve the meetings of subcommittees between the two sides.

The Prime Minister congratulated Sueka on assuming its new duties, stressing the agreement with the President of the European Council on joint cooperation, and the desire to hold bilateral (Cooperation Council) during this year.

Al-Sudani stressed the government’s insistence on resolving the issue of lifting the European air ban on Iraqi Airways, and the participation of the Civil Aviation Authority in the technical meeting with the European Air Safety Team, to discuss the implementation of the recommendations, and assess the progress made by Iraq in applying international safety standards.
 
The Sudanese stressed Iraq’s desire to reopen all European countries their diplomatic missions in Baghdad, as Iraq is currently considering opening new missions in some European cities, as well as urging the European side to strengthen the investments of European companies in Iraq, especially in the fields of environment, energy and agriculture with modern technologies.

For its part, SWICA expressed keenness and desire to strengthen and develop economic relations, and support the work of European companies to Iraq, in light of the strategic and investment projects announced by Iraq.

https://alforatnews.iq/news/السوداني-يؤكد-إصرار-الحكومة-على-رفع-الحظر-الأوروبي-عن-الخطوط-الجوية-العراقية

 

TIDBIT FROM CLARE, 15 FEB

  Clare  

Article:  "Iraq's revenues exceed 135 trillion dinars in 11 months"  Quote: "from January to November 2024 for the past fiscal year, 

which showed that revenues from oil stabilized at about 88%, but it still constitutes the main resource for the general budget, indicating that the rentier economy is the basis of the country's general budget...while non-oil revenues...constitutes 12% of Iraq’s general budget."

MZ: They told us in 2023 that when the Arab summit returned –the dinar would have a new value! #iqd

 

The Iraqi parliament intends to pass 17 laws and “personal status” in force on this date, 15 FEB

 The Iraqi parliament intends to pass 17 laws and “personal status” in force on this date

Shafaq News / Two members of the Iraqi Council of Representatives revealed, on Friday, the number of laws expected to be submitted for a vote inside the parliament dome during the upcoming sessions, and the date of entry into force of the amendment to the Personal Status Law No. 188 of 1959.

“There are many outstanding laws that the House of Representatives intends to pass, and there will be a session to vote on a set of laws during the next week,” said Baqr Al-Saadi, a member of the parliamentary legal committee, to Shafaq News.

Al-Saadi stressed that “there are 17 laws in the Legal Committee that will be put forward in the House of Representatives during the upcoming sessions, and if the political blocs agree on them without disruption, they can be voted on in only two sessions.”

For his part, a member of the Parliamentary Legal Committee, Murtaza Al-Saadi, explained regarding the date of entry into force of the new Personal Status Law that “the law shall be in force from the date of voting, with the previous law remaining the same.”

During his speech to Shafak News Agency, Al-Saadi pointed out that “the legal committee in the House of Representatives is waiting for the arrival of the Personal Status Law Code from the Shiite endowment.”

On Thursday, an informed political source told Shafaq News Agency that “the Presidency of the Republic approved the laws, amending personal status, general amnesty, and returning real estate to their owners.”

The session of the Iraqi Council of Representatives on January 21 witnessed the passage of “controverctical laws”, including the amendment of the Personal Status Law, the amendment of the general amnesty law, and the law of returning real estate to their owners in Kirkuk.

However, dozens of deputies objected to the passage of the three laws with one basket and boycotted the session, and then appealed to the Federal Supreme Court on the legality of voting on the laws, which in turn issued a legory order to suspend the implementation of the laws.

Following that, the Supreme Judicial Council issued a fatwa to the Iraqi courts to proceed with the implementation of the laws enacted by the House of Representatives.

The federal court returned last Tuesday and decided to cancel the state order it had previously issued on the suspension of the three “controversial” laws.

https://www.shafaq.com/ar/سیاسة/البرلمان-العراقي-يعتزم-تمرير-17-قانونا-و-ال-حوال-الشخصية-نافذ-في-هذا-الموعد