Friday, April 4, 2025
Economist: The impact of the US decision to impose tariffs on Iraq is small, 4 APRIL
Economist: The impact of the US decision to impose tariffs on Iraq is small
Economic expert Abdul Rahman Al-Mashhadani confirmed on Thursday that the decision of the United States to impose tariffs and tariffs on goods will not significantly affect Iraq, and that the impact will be minimal
Al-Mashhadani explained to {Euphrates News} that “trade between Iraq and the United States depends mainly on oil, as Iraqi oil exports constitute between 85% and 90% of the volume of bilateral trade, and oil, its derivatives and gas are exempt from tariffs to be imposed by the United States.”
He pointed out that “tariffs are mainly imposed on goods and exports, and that Iraq does not have a large trade in basic commodities, as its exports do not exceed food and phosphate in small proportions.”
He stressed that “these goods do not constitute an important part of Iraqi trade, which is mainly concentrated in oil exports, which reach about 400,000 barrels per day.”
At the end of his statement, Al-Mashhadani stressed that “the impact of US tariffs on Iraq will be indirect and will not cause a significant impact on the Iraqi economy or the volume of its trade with the United States.”
From.. Ragheed
https://alforatnews.iq/news/خبير-اقتصادي-تأثير-القرار-الأمريكي-بفرض-الرسوم-الجمركية-على-العراق-ضئيل
TIDBIT FROM MILITIAMAN, 4 APRIL
Militia Man
The Development Road Project, the train...into Turkey into Damascus from Iraq it's going to be a big thing. It's going to be a bid deal. And it's going to be a global event.
We're watching it happen in real time.
They are so much further advanced now than we've ever seen before. We didn't see things like this in 2016 nor 2018 or even two years ago. We've seen what Al-Sudani has done to make it happen and he has the support of...Sustani and it sounds like he's got the support of al-Sadr.
Thursday, April 3, 2025
IRAQ NEWS HEADLINES: Oil prices dropped 6% on Thursday after OPEC+ accelerated its plan to increase oil output in May, 4 APRIL
IRAQ NEWS
Oil prices dropped 6% on Thursday after OPEC+ accelerated its plan to increase oil output in May, compounding losses from US President Trump’s new tariffs, with Brent futures falling by $4.51 to $70.44.
In today’s OPEC+ ministers’ meeting, countries decided to raise output by 411,000 bpd in May, more than the originally planned 135,000. On Wednesday, ;
Trump unveiled a 10% minimum tariff on most goods imported to the US, the world’s largest oil consumer.
: Reuters/ file
: Reuters/ fileGABI: There is a lot of expectation on all fronts with RV , 4 APRIL
GABI:
There is a lot of expectation on all fronts with RV and the different program payments, special bonuses, private transactions... EVERYTHING!
Many people are waiting for the 🆗✅ that their money is now available to spend from their accounts.
A lot of nervousness and joy in anticipation of what is to come, which we already know is wonderful.
There is not much information because in truth what is happening is what has been happening: more people updating their data and more people receiving liquidity.
Wait for your payment confirmation to arrive, either for those who are in all those different groups or for those in T 4B with the official notification.
TNT Tony said that Iraq had nothing more to comply with and that some release news was expected after DJT's "rally" yesterday regarding Making America Rich-Wealthy Again."
As we have seen, nothing has been announced yet and we must remain attentive and patient until the time comes.
Have a nice day,
Gabi 💞
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